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Right. Technically we came out of the great depression, had a recession in between, etc. That's where neo-keynesians criticize FDR. The dip in 1937 coincided wi
by izendejas 17y ago
Right. Technically we came out of the great depression, had a recession in between, etc. That's where neo-keynesians criticize FDR. The dip in 1937 coincided with a FDR being pressured into balancing the budget. It's much more complicated than this, but I used the WWII reference because usu. the next best answer is WWII. Now I'm told, that WWII wasn't responsible either!? What gives?