How Successful Was the New Deal? The Microeconomic Impact of New Deal Spending and Lending Policies in the 1930s

  title={How Successful Was the New Deal? The Microeconomic Impact of New Deal Spending and Lending Policies in the 1930s},
  author={Price V. Fishback},
  journal={NBER Working Paper Series},
  • P. Fishback
  • Published 1 January 2016
  • Economics
  • NBER Working Paper Series
The New Deal during the 1930s was arguably the largest peace-time expansion in federal government activity in American history. Until recently there had been very little quantitative testing of the microeconomic impact of the wide variety of New Deal programs. Over the past decade scholars have developed new panel databases for counties, cities, and states and then used panel data methods on them to examine the examine the impact of New Deal spending and lending policies for the major New Deal… 

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