Information for "User:Jers/blog/2011/11/27/What Fixed the Great Depression Really"
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| Display title | User:Jers/blog/2011/11/27/What Fixed the Great Depression Really |
| Default sort key | Jers/blog/2011/11/27/What Fixed the Great Depression Really |
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| Namespace | User |
| Page ID | 1598 |
| Page content language | en - English |
| Page content model | wikitext |
| User ID | 5 |
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| Page creator | WikiSysop (talk | contribs) |
| Date of page creation | 18:45, 16 April 2012 |
| Latest editor | WikiSysop (talk | contribs) |
| Date of latest edit | 21:15, 26 July 2020 |
| Total number of edits | 11 |
| Total number of distinct authors | 1 |
| Recent number of edits (within past 90 days) | 0 |
| Recent number of distinct authors | 0 |
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Our Greatest Generation presid … <blockquote>Our Greatest Generation president, FDR, drove unemployment down from 25% to 15% [!] during the ‘30s using this recipe [government spending on infrastructure, etc.]. Some make the point that WW2 ended the Great Depression…That’s true, but only because the war required the government to raise money to build the infrastructure for war...</blockquote> (Frank Hyman, p 1A Raleigh News & Observer, December 2011)This is a common view of the cause and cure of the Great Depression, but it needs a little unpacking. First, the reduction in unemployment from 25% to 15% during FDR’s tenure still leaves it at ludicrously high levels. If FDR prescribed a cure, it was only slightly better than the disease. WW2 did the job, though.han the disease. WW2 did the job, though. +