Quote:
Originally Posted by classicman
So you believe it was the war that finally ended the depression and not the policies of Roosevelt?
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No. I think the policies Roosevelt enacted were working slowly, and the war helped put the economy into overdrive by creating many more jobs. I think it was a combination. You can't deny that those policies didn't bring the unemployment rate down significantly. But we were already in such a black hole, because of Hoover's nonaction, that it was going to take a very long time to come out of it.
What really kills me, is that we have allowed it to happen again, by deregulating everything in sight. It's really too bad we can't regulate greed. And ethics.