¶ … primary sources on the New Deal Programs. It has 6 sources in Chicago format.
Frank D. Roosevelt attempted to turn around the declining economy of the U.S. during the 1930s by introducing the New Deal. This comprised of various programs which aimed at restructuring and rectification of the economy and yet, when the New Deal was launched it failed miserably due to poor administration, and lost objectives. The failure was so dramatic after the words of hype to sell a failing economy that the programs are still criticized with fervor today by critics and economists alike.
Jim F. Couch and William F. Shughart (1999) in their book "The Political Economy of the New Deal" objectively project the political scenario and the administrators Harold Ickes and Harry Hopkins as having the major role for its failure. The basis of the authors' premise is that when the New Deal was introduced, the U.S. GDP had been staggering. The promise of the New Deal programs to meet this goal had been sufficient for the distribution of the funds to the various States. However, Couch and Shughart argue that the New Deal failed because of the leakage of the funds due to corruption within the administration, the discovery of which disillusioned the public. The authors review several economists and experts in the field of econometrics including Lee Alston, Joseph Ferrie, Gavin Wright, Donald Reading and John Wallis etc. And add credibility to their research. These researches include the presidential politics, funds distribution, Congress structure and loan programs. It is evident from their objective approach to the analysis of the New Deal programs that the authors address expert political and economic issues in a professional manner not comprehensible by the ordinary readers.
The selfishness of self-interest groups' is also evident in the work of Deborah C. Malamud (2003). "Who they are - or were" discusses the emergence of the middle class in the American society. According to her, although America boasts of equality and openness, its political entities develop programs that serve the interest of particular...
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