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What type of plan did Franklin D.Roosevelt think was necessary?

What type of plan did Franklin D.Roosevelt think was necessary?

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What type of plan did Franklin D.Roosevelt think was necessary?
**Document A** **Source:** Fireside Chat, President Roosevelt: “The Purposes and Foundations of the Recovery.” July 24, 1933 Long before Inauguration Day, I became convinced that individual effort and local effort and even disjointed Federal effort had failed and of necessity would fail and, therefore, that a rounded leadership by the Federal Government had become a necessity both of theory and of fact. Such leadership, however, had its beginning in preserving and strengthening the credit of the United States Government, because without that no leadership was a possibility. For years the Government had not lived within its income. The immediate task was to bring our regular expenses within our revenues. That has been done. *It may seem inconsistent for a government to cut down its regular expenses and at the same time to borrow and to spend billions for an emergency. But it is not inconsistent because a large portion of the emergency money has been paid out in the form of sound loans which will be repaid to the Treasury over a period of years, and to cover the rest of the emergency money we have imposed taxes to pay the interest and the installments on that part of the debt.*
Transcribed Image Text:**Document A** **Source:** Fireside Chat, President Roosevelt: “The Purposes and Foundations of the Recovery.” July 24, 1933 Long before Inauguration Day, I became convinced that individual effort and local effort and even disjointed Federal effort had failed and of necessity would fail and, therefore, that a rounded leadership by the Federal Government had become a necessity both of theory and of fact. Such leadership, however, had its beginning in preserving and strengthening the credit of the United States Government, because without that no leadership was a possibility. For years the Government had not lived within its income. The immediate task was to bring our regular expenses within our revenues. That has been done. *It may seem inconsistent for a government to cut down its regular expenses and at the same time to borrow and to spend billions for an emergency. But it is not inconsistent because a large portion of the emergency money has been paid out in the form of sound loans which will be repaid to the Treasury over a period of years, and to cover the rest of the emergency money we have imposed taxes to pay the interest and the installments on that part of the debt.*
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