lt's due to his misperception that "public works" did not constitute "an important lever for industrial recovery" (Leuchtenburg, New Deal, 70).
However, with respect to the RFC, despite criticism, Roosevelt took an organization which had previously been "an instrument of the established businessman" and converted it, under banker Jesse Jones, into an instrument of economic expansion (Leuchtenburg, New Deal, 71).
Although the New Deal's efforts on behalf of farmers were meandering and checkered, overall Roosevelt's plans helped agriculture both in the short-term and the long-term:
However questionable in its conception, the Roosevelt-Wallace farm program worked out reasonably well. During Roosevelt's first term, gross farm in
...