Sunday, October 16, 2011
Current Economy and FDR's New Deal
Has anybody else noticed how much construction there is everywhere? It seems as though construction is being done on every road in Los Angeles. During the Great Depression, FDR launched his New Deal which contained items like the Works Projects Administration and the Public Works Administration that were put into place in order to create more jobs and uplift the economy out of the depression. I feel as though a similar policy is trying to be implemented today. I don’t know if it will be as successful as FDR’s plan, but I do know that it creates a lot more traffic in the already traffic-filled city of Los Angeles.
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Could be projects funded by the American Recovery and Reinvestment Act (usually referred to as the "stimulus bill"), motivated in large part by FDR.
ReplyDeleteLearn more about the bill here:
http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
That makes it a lot of sense. I also just read about the American Jobs Act that says it will be "Putting Workers Back on the Job While Rebuilding and Modernizing America".
ReplyDeleteHere is a link about the American Jobs Act: http://www.whitehouse.gov/the-press-office/2011/09/08/fact-sheet-american-jobs-act