Answer:
Roosevelt's policies had a significant impact on the country's economy in the long term. Here are some of the ways in which his policies influenced the economy:
1. Expansion of the federal government: Roosevelt's policies greatly expanded the role of the federal government in the economy. The New Deal created a range of federal agencies and programs aimed at providing relief, stimulating economic growth, and regulating business. Many of these agencies and programs still exist today, and they continue to play a significant role in the economy.
2. Increased government spending: In order to stimulate economic growth and provide relief to those affected by the Great Depression, Roosevelt implemented a range of programs that required significant government spending. This spending helped to create jobs and boost economic activity, and it also helped to establish the idea that the government could play a positive role in the economy.
3. Regulation of business: Roosevelt's policies also included a range of regulations aimed at preventing another economic crisis. These regulations included the establishment of the Securities and Exchange Commission, which helped to prevent fraud and protect investors, and the Glass-Steagall Act, which separated commercial and investment banking.
4. Social safety net: Roosevelt's policies also helped to establish a social safety net for those who were most affected by the economic crisis. Programs such as Social Security and unemployment insurance helped to provide a safety net for those who were struggling, and they remain important parts of the social safety net today.
In the long term, these policies helped to stabilize the economy and prevent another economic crisis. They also helped to establish the idea that the government has a role to play in regulating the economy and providing relief to those who are struggling. While there is debate over the effectiveness of some of Roosevelt's policies, his legacy in shaping the role of government in the economy is still felt today.