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Essay / Research Paper Abstract
A 6 page research paper that examines the social and economic reforms instituted by French leader Leon Blum in the late 1930s. Referred to as the French 'New Deal,' the writer discusses what Blum's economic experiment consisted of and why it did not last. Bibliography lists 6 sources.
Page Count:
6 pages (~225 words per page)
File: KE9_99blum.rtf
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Unformatted sample text from the term paper:
1931, however, once it hit, the effects lasted much longer then elsewhere, which was at least partially due to Frances stubborn refusal to devalue the franc (Jackson 20). In 1936,
Leon Blum, a Socialist, and the head of the "Front Populaire," was elected to head the French government. During his time in office, Blum attempted to institute economic reforms in
France that he felt mirrored those of Franklin Roosevelt in the US. Blums economic experiment has been referred to as the French "New Deal" (Jackson 167). When Blum came
to power, he faced appalling difficulties?"a diplomatic vacuum, economic ruin, a massive flight of capital, and an explosive social situation" (Bernard; Dubief 310). Although the Communists had always supported
Blum when he was in the Chamber, they now refused to participate in his government (Bernard; Dubief 310). The economic policy of Blums first administration falls into three phases
(Colton 181). The first phase ran from June to September of 1936 and was a period of relation without devaluation?a period that was faithful to the campaign slogan "neither devaluation
nor deflation" (Jackson 168). This period witnessed a whole series of policies that were intended to stimulate demand: "The Matignon wage increases, the 40-hour week at unchanged weekly wages (which
was applied on an industry-by-industry basis between September 1936 and March 1937, the setting up of the Wheat Marketing Board, the repeal of various deflation decrees, and a public
works program" (Jackson 168). The second phase of economic policy began in September of 1936 with devaluation. While the government did not renounce its commitment to reflation,
it shifted the emphasis at this time as it was argued that "devaluation, besides stimulating exports, would attract capital back in to France" (Jackson 168). It was anticipated that this
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