The Establishment of the “New Deal” and Its Misleading Elements(1929~1945)

다국어 초록 (Multilingual Abstract)

This study examines various scholarly opinions on the historical evolution of Roosevelt’s New Deal policy, with a particular focus on its transition from the First to the Second New Deal. More specifically, the New Deal was not a policy born from a fully formulated and completed concept at any specific point; rather, it was a result of the Roosevelt administration's evolving response to the economic situation in America as the Great Depression unfolded.
Although the policy might have provided Americans with a sense of comfort, it ultimately perpetuated myths about its success, distorting the real economic effects.
Drawing on contributions and analyses from different scholars, this research highlights how the New Deal presented results that were exaggerated compared to reality and questions how the Second New Deal was introduced.
Utilizing cross-examinations of the administration and statistics from the National Bureau of Economic Research, this study makes an understanding of these exaggerations and assesses the contribution of scholarships to Roosevelt’s misleading attitude toward his people and the actual contribution to overcoming the shortfalling of the economy spanning 1929 to 1938.

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