22 - 04 - 2014
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The New Deal Balance Sheet

New Dealers, on the other hand, staunchly defended their record. Admitting that there had been some waste, they pointed out that relief — not economy — had been the primary object of their multi-front war on the depression. Conceding also that there had been some graft, they argued that there had been very little in view of the immense sums spent.

 

 

Apologists for Roosevelt further declared that the New Deal had relieved the worst of the crisis in 1933. The economic system was kept from collapse; a fairer distribution of the national income was achieved; and the citizens were enabled to retain their self-respect. "Nobody is going to starve" was Roosevelt's promise. Though hated by Big Business, Roosevelt should have been the patron saint of business, so his admirers claimed. He deflected popular resentments against business, and may have saved the American system of free enterprise. Roosevelt's quarrel was not with capitalism but with capitalists; he purged American capitalism of some of its worst abuses so that it might be saved from itself.



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