One of the causes of the economic troubles was a mushrooming financial crisis that was due in part to years of deficit spending. This occurs when a government spends more money than it can take in. (all information from world history textbook)
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Roosevelt did use the deficit spending in World War 2. This was to help with the spending.
Deficit Spending
France helped America win their revolution, which France couldn't afford at the time. The royal family did not stop spending money on frivolous things, and raised the countries debt , which angered the people of France.
An example of deficit spending during world war II was military spending that surpassed the amount of taxes that the government was collecting. The government took great efforts in convincing the American people that rationing was an equitable act.
French Revolution and American Revolution