THE ROOSEVELT PLAN

Rotorua Morning Post, Volume 3, Issue 725, 28 December 1933, Page 4

THE ROOSEVELT PLAN

While a month ago the Roosevelt Plan was regarded in the United States with a great deal of doubt, recent messages indicate.that there is a general optimism about it among those who formerly condemned it. Outside the United States the safest way is still to suspend opinion. It is true that commodity prices have risen and that there has been a certain decrease in J the unemployment figures, but ! we rnay remind ourselves that I the same phenomena has been observed in our own industrial and financial economy, and that we had not to ad-opt any Roosevelt Plan to bring this about. All over the world it appears that the trough of the trade depression wave has passed. The British trade figures are amazingly improved since last year, the British Government has declared a surplus, and 600,000 more people have been taken off the dole and given work. It may be,. indeed, that Mr. Roosevelt's Plan has made for optimism. His confidence must necessarily strengthen that of the weaker brethren, and conj fidence is the key to improveI ment. It is impossible to run a i business or sail a ship or perform ! a piece of music without confi- I dence. Whatever the cause of i the more optimistic feeling. ' Therefore in the United States the result is already becoming apparent. Mr. Roosevelt is certainly entitled to the credit of assisting his countrymen to that state of I mind without which improvei ment in prospects could never j have been achieved.