Arbeitspapier

Von Roosevelt lernen: Sein "New Deal" und die große Krise Europas

The economic policy of Roosevelt's New Deal stays in sharp contrast to the course followed by European policy since 2009. At first, Roosevelt focussed on fighting the desperate feelings of people and the generally pessimistic mood of the public, on strictly regulating the financial sector and on setting up investment and employment programs. After that, structural reforms were carried out in order to strengthen confidence and social coherence. The most important measures were the introduction of unemployment insurance and of a public pension scheme as well as regulations to ensure "fair" labour conditions. The New Deal policy was successful: GDP expanded in the USA between 1933 and 1937 by 43 percent, mainly due to a boom in investments (+140 percent). By fighting the social-psychological depression and "speculation with other people's money", Roosevelt anticipated those two main messages of Keynes' "General Theory" (1936) which were later forgotten: first, the importance of uncertainty and the "state of confidence" and, second, the necessity to radically restrict financial speculation.

Sprache
Deutsch

Erschienen in
Series: WIFO Working Papers ; No. 473

Klassifikation
Wirtschaft
Thema
Makroökonomische Politik
Depressionen
New Deal

Ereignis
Geistige Schöpfung
(wer)
Schulmeister, Stephan
Ereignis
Veröffentlichung
(wer)
Austrian Institute of Economic Research (WIFO)
(wo)
Vienna
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Schulmeister, Stephan
  • Austrian Institute of Economic Research (WIFO)

Entstanden

  • 2014

Ähnliche Objekte (12)