The New Deal 1933-1940
History

A British economist, he advocated the use of monetary policies to mitigate economic recessions and depressions. John Maynard Keynes. He is known for his revolutionary ideas that shaped modern economic policies by suggesting that governments should spend more during economic downturns to boost demand.

Authorizes the President to regulate industry, set fair wages and prices to stimulate economic recovery. National Industrial Recovery Act. The National Industrial Recovery Act was a 1933 law aimed at revitalizing the U.S. economy during the Great Depression by regulating industries and promoting fair labor standards.