Keynesian Theory and the New Deal-

Keynesian Theory and the New Deal- The crash of the stock market brought many hard times. Franklin D. Roosevelt's New Deal was a way to fix these times. John Stuart Mill and John Maynard Keynes were two economists whose economic theories greatly influenced and helped Franklin D. Roosevelt devise a plan to rescue the United States from the Great Depression it had fallen into. John Stuart Mill was a strong believer of expanded government, which …

…and John Maynard Keynes showed him how to do it. Although Franklin D. Roosevelt never really liked economists it appears that the work of many economists showed up in his New Deal. Although Mill did not directly influence FDR his philosophies were present in Franklin D. Roosevelt's plan. Also, Keynes theories were disagreed on time and time again by FDR, but in the end the New Deal was almost a perfect example of Keynes' theories.