Reference no: EM131821688

1. Even though the above approaches toward the way in which the Federal government regulated the economy were different; Harding, Coolidge, and Hoover helped lead the U.S. economy into a depression, but Franklin Roosevelt's New Deal may have been the saviour of capitalism and democracy. Explain the differences in approaches used by the presidents of the 1920s (specifically Hoover) toward government controls of the U.S. economy and Franklin Roosevelt's approach toward government controls as they applied to the U.S. economy in the 1930s.

2. Explain deficit spending and in what circumstances it should be used.