Franklin Roosevelt: Chief Guardian Of The Economy

Every president serves their term in different ways, the economy may be better with or worse with a certain president. One of the president’s job is being the “Chief Guardian of the Economy.” The president meets with economic advisers to discuss ways to reduce unemployment and meets with business and labor leaders to discuss their needs and problems. When they think the economy needs help they try to fix the problem, but it is not their fault if the economy succeeds or fails, they just make sure it runs smoothly. There has been presidents that have done great things for our economy. For instants Franklin Roosevelt brought America out of the great depression. Under Roosevelt’s rule the federal government guaranteed unions the right to organize and bargain collectively, and it provided financial aid to the aged, infirm, and unemployed when they could no longer provide for themselves and the government assumed responsibility for smoothing out the rough spots in the American economy. …show more content…
If a president makes laws that help people make money and there is no people around to follow them than the economy will not get better. The biggest influence on the economy is the chairman of the Federal Reserve Board, they have the monetary policy; actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates. The Fed’s goals are to stabilize prices and promote maximum sustainable output and employment. They have the most influence on the economy because their job is to help people make money and control the rate of the money