ABSTRACT
The Committee for the Nation quickly emerged as the leading group lobbying on behalf of monetary action, as acknowledged by no less a New Dealer than Rexford Tugwell. The Committee for the Nation also claimed credit for a number of successes in the early New Deal. As Tugwell wrote, in a later addendum to his diary, the Committee for the Nation Tugwell sought to convince Roosevelt that the New Deal policy should be selective-that some industries did need higher prices, but others should have them reduced. The result was that Roosevelt "was very much interested in the monetary approach to the depression." Tugwell's analysis omitted the fact that the Committee for the Nation also counted the secretary of agriculture among its supporters, Henry A. Wallace having been a member of its board until Roosevelt picked him for the cabinet.
