Roosevelt's price fixing policies prolonged the Great Depression
the verdict
SUPPORTED
the evidence backs this
refutedsupported
the weight of evidence
1 source for · 0 against
AS REPORTEDno primary record reached; this is what the reporting says
One historical source argues that Roosevelt's price-fixing and New Deal policies hindered economic recovery and prolonged financial strain during the Great Depression, though the broader historical record contains extensive debate on the topic.
318 pages ; 22 cm A sharply critical look at Franklin D. Roosevelt's presidency outlines government policies that hindered economic recovery from the Great Depression -- and are still hurting America today. Economic historian Burton W. Folsom presents the idyllic legend of Franklin D. Roosevelt as a myth of epic proportions. With questionable moral character and a vendetta against the business elite, Roosevelt created New Deal programs marked by inconsistent planning, wasteful spending, and opportunity for political gain -- ultimately elevating public opinion of his administration but falling flat in achieving the economic revitalization that America so desperately needed from the Great Depression. Folsom takes a revisionist look at Roosevelt's presidency, his economic policies, and his personal life. Elected in 1932 on a buoyant tide of promises to balance the increasingly uncontrollable national budget and reduce the catastrophic unemployment rate, the charismatic thirty-second president not only neglected to pursue those goals, he made dramatic changes to federal programming that directly contradicted his campaign promises. Price fixing, court packing, regressive taxes, and patronism were all hidden inside the alphabet soup of his popular New Deal, putting a financial strain on the already suffering lower classes and discouraging the upper classes from taking business risks that potentially could have jostled national cash flow from dormancy. Many government programs that