The new deal in american economic history

The New Deal was a response to the Great Depression of the 1930s. The Roosevelt administration built an incredible array of public works and established a series of regulations, government insurance, and poverty programs that are still in place today. This chapter examines the research in the last two decades on the monetary and fiscal policies of the New Deal; the public choice aspects of the distribution of New Deal funds to states, cities, and counties; the state income multiplier; and the impact of specific New Deal programs on a wide range of other socioeconomic outcomes. In the process it describes anticipated directions for future research.