The microeconomics of the New Deal during the Great Depression

Authored by: Price V. Fishback

Routledge Handbook of Major Events in Economic History

Print publication date:  January  2013
Online publication date:  February  2013

Print ISBN: 9780415677035
eBook ISBN: 9780203067871
Adobe ISBN: 9781135080808


 Download Chapter



Franklin Roosevelt's New Deal was the largest peace-time expansion in the federal government's role in the economy in American history. It was initiated after four years of economic devastation. By the beginning of 1933 unemployment rates had risen to nearly 25 percent of the labor force and annual real GDP had fallen to 30 percent of the 1929 level. Within the next six years, government spending as a share of GDP rose by nearly 5 percent.

Search for more...
Back to top

Use of cookies on this website

We are using cookies to provide statistics that help us give you the best experience of our site. You can find out more in our Privacy Policy. By continuing to use the site you are agreeing to our use of cookies.