Monday, March 11, 2019
Did the New Deal Prolong the Great Depression?
Did the New get out get the Great Depression? Yes Burton W. Folsom, Jr. * The Cabinet head had personal connections with the President. make him bias towards FDRs ideas * Unemployment was higher in 1939 than in 1931 after vacuum-clean left office * Govt went from running a surplus to a shortage * Seven Years of trade deficits cursed American GDP over the span of the New Deal * benefit and Social Security unplowed lazy sight lazy and made hard working people take pay cuts * The economy is self regulating and self improve it would have fixed itself in time(not 12 years though) * IT was Constraints School The US economy was in a nose-dive for the first 6 years of FDRs presidency, scarce he kept the Ether up and promised progress * Roosevelt raised(a) taxes across the board Sounds known to what is going on now unredeemed Obama * If the war did not come about, FDR would not have lasted the 4 terms. NO Roger Biles * FDR believed Taking a method and trying it until it worked or didnt. It it did, then throttle doing it if it didnt admit that defeat and try something else. He used the federal Govt to support regulate the economy(kind of like genetically engineering which too doesnt work 100% of the time) * Unemployment decreased over the first 5 years of FDRs presidency * The FDIC insured everyones money that is in the bank which is something that the US needed in 1929 * FDR created hope for everyone with Social Security, Welfare and Section 8 housing * He created the US postal service, rude electrification act, and rural mail act * Roosevelt changed the form of Govt in a short 12 years * He created wealthiness Tax (sounds familiar AGAIN which affected Very few taxpayers * He then Repealed the Wealth Tax because it didnt work FDRs new deal was a great idea in theory(so is Marxism), but wasnt the best idea for the time. What he did is kind of what we are going through today promising change but not saying when, Increasing taxes and hoping it will help your deficit, and tried to intervene with the self regulating economy. The New Deal DID work, but only because WWII brought the need for production back to America without that, the New Deal would have taked much much longer to work.
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