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Keynesian economics made the federal budget the center of economic control and thereby gave presidents the means, altered only by the US Congress, of conducting what might be termed social engineering and wealth redistribution. Many economists believe this over centralized the economy and could lead to rampant deficit spending, and a larger tax burden.

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7y ago
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12y ago

the surplus became dificit

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Q: What affect did the new deal have on the federal budget?
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Related questions

What effect. did the new deal have on the federal. budget?

the surplus became a deficit


What was the federal employment relief act a New Deal or 2nd New Deal?

new deal


How did the new deal affect the federal government's social policy's?

short answer. created the era of big government


What effect did the New Deal have on the budget?

the surplus became a deficit


Did the new deal create jobs by giving federal money to business?

Yes, the new deal created jobs by giving federal money to businesses


Is it generally agreed that the new deal expanded the role of the federal government?

Yes, it is generally agreed that the new deal expanded the role of the federal goverment


Did the new deal have any real effect on the economy?

While not ending the Great Depression, the New Deal measures did help put people back to work and did restore confidence in the government and economy. The New Deal was very expensive and the federal budget and deficit continued to increase. The growth of the federal government and the corresponding cost to maintain those new governmental agencies were major arguments against the New Deal. From FDR's New Deal to the present, the federal government has continued to grow, assume an active role in the daily lives of citizens, and to cost more in the form of taxes, and to spend more on domestic and foreign affairs. Many politicians, economists, and students of government did not favor such increases.


How did the New Deal affect businessmen and industrialists?

Yes.


How did New Deal expand federal power?

Smooshi,smooshi,smooshi


How did the new deal affect the government?

It made the economy bad


How did Franklin D Roosevelt's new deal coalition affect African-Americans Voting patterns?

how did franklin d Roosevelt new deal coalition affect African voting patterns


What was not a part of the second New Deal?

Smithsonian Institution