Temporary National Economic Committee

Temporary National Economic Committee
   Following a message from President Franklin D. Roosevelt in April 1938 concerning issues of business monopoly, Congress established a Temporary National Economic Committee between 1938 and 1941 to perform a detailed study of the economy. The committee was chaired by Joseph C. O’Mahoney and consisted of senators, congressmen, and representatives from various government departments and agencies. It held 15 hearings and compiled 37 volumes of testimony. A number of monographs of a technical nature were also produced, along with the committee’s final report. Its recommendations were of a rather general nature: more antimonopoly regulation, a return to freer competition, and support for small businesses. They were largely ignored, particularly once the United States entered World War II.

Historical Dictionary of the Roosevelt–Truman Era . . 2015.

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