What was the difference in the composition of the cabinet of Herbert
Hoover and Franklin D. Roosevelt (FDR)?
Belief in laissez faire, small government, no government intervention, high tariff, balanced budget, cutting taxes, isolationist, inflexible, slow to change, economic law is natural law, belief in boom+bust cycle,
no direct aid, relief as it destroys moral value, pay for surplus (Agricultural Act 1929), and trickle-down economics opposed anything linked to socialism and communism.
Big government, government is responsible for social security, welfare state, repeals prohibition, Used the Mrs. and radio to keep in touch with people, unbalanced budget, inflation, off the gold-standard, low tariff
higher taxes, pragmatic and flexible
economic laws man-made and possible to change them, direct relief instead of trickle-down, Agricultural Adjustment Act to raise farm income, pay farms not to grow
Keynsian economics - gov spends more than it takes for direct relief.