Final answer:
Franklin D. Roosevelt believed in strict regulation and government intervention when dealing with big capitalists. His administration focused on reforming rather than replacing the economic system, working closely with business leaders to implement changes.
Step-by-step explanation:
Once president, Franklin D. Roosevelt insisted upon strict regulation in his relationship with the big capitalists. Roosevelt held the view that the Government should arbitrate between different economic groups to ensure justice, preserving a balance between capital and labor interests. This perspective was partly due to his belief that the only way out of the Depression was to create a more favorable business environment through government intervention.
Roosevelt's approach was not to nationalize banks or factories, as seen in socialist nations, but to seek a conservative, collaborative approach with the business sector. He assembled a group of advisers, known as the 'Brains Trust,' who were conservative-minded and aimed to reform rather than replace the nation's economic system.
Through the Department of Commerce and Labor, Roosevelt worked directly with corporations to agree on regulations, highlighting his commitment to collaboration and regulation rather than isolationism or laissez-faire economics. His administration also intervened in disputes like the anthracite coal strike, symbolizing the proactive role he believed the federal government should take.