In 1937 when an economic downturn called the "roosevelt recession" hit the nation, roosevelt turned to the deficit spending theories of this british economist to solve his economic problems.

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Drake Mcintosh

History

22 December, 03:37

In 1937 when an economic downturn called the "roosevelt recession" hit the nation, roosevelt turned to the deficit spending theories of this british economist to solve his economic problems.

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Jane · Answer 1

John Maynard Keynes

the Keynesian economic principles articulated in the economist book the means to prosperity served to inform Roosevelt method of tackling the economy a great deal. The economist had sent a copy of his book to the new democratic president as soon as he was elected president.