In 1932, at the height of the worst economic crisis the US had ever seen, democratic presidential candidate Franklin D. Roosevelt promised the American people a new deal – a “call to arms” to fight unemployment, poverty and economic depression. What later became known as the “New Deal” was a series of financial, economic, social as well as environmental policies that had a profound impact on the US.
The seminar will start with an analysis of the Great Depression, going on to focus on the economic and social reform policies during Roosevelt’s presidency in the 1930s. It will look at the theoretical/ideological foundations of the reforms, their implementation and impact. The course will also address the more general question of governments’ scope of action in economic crises and if there is a historical “lesson to learn” from the New Deal, as many pundits have been arguing since 2008.
The seminar will be taught in English.