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Positive Business Responses to the New Deal: The Roots of the Committee for Economic Development, 1933–1942

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  • Collins, Robert M.

Abstract

The bitter opposition of businessmen to the New Deal in its early stages is well known. Not so well known, however, are the efforts of a few business leaders to maintain constructive communication with the President and his advisers. Professor Collins traces these efforts, from the early stages during which both groups labored in mutual distrust, through the remarkable transformation in which such strong business personalities as Beardsley Ruml, William Benton, and Paul Hoffman helped persuade a deeply conservative Franklin D. Roosevelt to adopt compensatory deficit spending as a means to recovery. Finally, he shows that World War II marked not the end but a continuation of these positive efforts by businessmen to adapt to the new philosophy, and led directly to the founding of the Committee for Economic Development.

Suggested Citation

  • Collins, Robert M., 1978. "Positive Business Responses to the New Deal: The Roots of the Committee for Economic Development, 1933–1942," Business History Review, Cambridge University Press, vol. 52(3), pages 369-391, October.
    • Handle: RePEc:cup:buhirw:v:52:y:1978:i:03:p:369-391_00
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    Cited by:

    1. repec:hal:spmain:info:hdl:2441/5oi5d12qn3983q921gleelod94 is not listed on IDEAS
    2. Marion Fourcade & Rakesh Khurana, 2013. "From social control to financial economics: The linked ecologies of economics and business in twentieth century America," Sciences Po publications info:hdl:2441/5oi5d12qn39, Sciences Po.
    3. Marion Fourcade & Rakesh Khurana, 2013. "From social control to financial economics," Post-Print hal-03473899, HAL.
    4. Alexander, Barbara & Libecap, Gary D., 2000. "The Effect of Cost Heterogeneity in the Success and Failure of the New Deal's Agricultural and Industrial Programs," Explorations in Economic History, Elsevier, vol. 37(4), pages 370-400, October.

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