• How did the New Deal change over time and what alternatives were offered to it
Before FDR proposed the policies of the New Deal it was the general practice that the Fed Gov stay out of business affairs (laissez faire). Gov didn't really have regulations on businesses or banks and they sort of made their own rules. [ When the stock market crashed it was clear that they couldn't rebuild without some kind of help, Hoover just didn't know what he could do that would really
make a difference. He didn't consider the gov having such a major role in the revitalization of the economy because that just wasn't done, we feared that the gov would have too much power if it interfered with free trade, etc. FDR's New Deal was risky but it seemed to have had a lasting effect, though many of his programs didn't work, the large number of them made it seem more effective.Because of his very executive proposals, the gov today has a very big hand in the workings of businesses and especially Wall St.
Basically it made the fed gov more controlling over businesses, banks and the stock market, it gave it more power.
Hope that helps.
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