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Govt spending isn't the only factor. Starting with Hoover and continuing with Roosevelt (until the run-up to WWII), the US govt introduced significant producti
by anamax 15y ago
Govt spending isn't the only factor. Starting with Hoover and continuing with Roosevelt (until the run-up to WWII), the US govt introduced significant production restrictions in an attempt to boost prices.
http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonge...