"The Myth Persists That from the Beginning Roosevelt Followed a Set

"The myth persists that from the beginning Roosevelt followed a set of fiscal policies directed specifically at,and adapted to,the objective of increasing aggregate demands for output to the ?levels required to restore acceptable levels of real output and employment.This is indeed a myth.Roosevelt had formulated no definite fiscal policy before he became President.As already noted,he excoriated Hoover repeatedly during the 1932 campaign for his budget deficits and the alleged threat to the government's credit,and he promised to put the government's financial house in order." ?(L.V.Chandler,America's Greatest Depression,1929-1941,p.136).Evaluate and compare the chief characteristics of the policies taken by the Hoover and Roosevelt ad?ministrations in their attempts to cope with the Great Depres?sion.

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