Lee Jong-wha The author, former chief economist at the Asian Development Bank and a senior adviser for international economic affairs to former President Lee Myung-bak, is a professor of economics at Korea University. Franklin D. Roosevelt is the sole American president to win four presidential elections. Taking office during the Great Depression in 1933, he implemented New Deal agenda enabling an active government role in fighting America's worst economic crisis. For the first 100 days, he summoned Congress to legislate the key bills backing the domestic revival agenda. They included the Emergency Banking Act, suspension of the gold standard, the Agricultural Adjustment Act, and the National Industrial Recovery Act. He went on the radio for "fireside chats" to brief the Americans about the progress in the recovery projects and the course of World War II. Since Roosevelt, the first 100 days have become pivotal to presidents to make an impression. All U.S. presidents drove through key agenda items during the early period. Ronald Reagan pushed forward key economic policies, Reaganomics, based on four pillars of reduced government spending, tax cuts, deregulation and reducing inflation by tightening money supply. He shifted much of public policies centered on federal role to neoliberal… Read full this story
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