This link has been bookmarked by 4 people . It was first bookmarked on 26 Jul 2006, by Arne Løining.
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07 Dec 10
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President Franklin Delano Roosevelt
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took attention away from his record in dealing with America’s Great Depression
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The analysis of that economic period is more complex because of the prevailing mythology, and de facto romanticism by many economic historians of what was accomplished by the Roosevelt New Deal.
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The postwar era led to apparently short memories among many, and the thorough discrediting of the Herbert Hoover Presidency by the New Deal Democrats had placed advocates of a more balanced understanding of the economics of the New Deal on the defensive, until at least the late 1980's.
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That being said, we proceed to look at the economic developments of the early New Dea
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in the face of an overwhelmed and disorganized Congressional leadership, why FDR and his New Deal policies failed to bring the Nation out of depression?
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By mid-1938 after five years of the New Deal only three nations—Netherlands, Norway and Denmark—had worse unemployment than the US.
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That year, 1938, was the year a second deep depression wave hit, following the end of the huge fiscal spending recovery aiding Roosevelt's 1936 re -election, dubbed by economists of the time the Roosevelt Depression.
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In this respect, the New Deal marked, in its broad features and economic impact, a fundamental policy reverse from the post-Civil War nature of private sector-government relations.
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24 Aug 09
william adieunconventional reflections - 'extarordinary failure and incompetence'
from ar 1933 to WW onset late 41. -
23 Jun 08
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