2 ms·
Correlation is not causation. Until the war, FDRs 'reforms' weren't making the country powerful or rich, maybe staunching the bleeding. The buildup of industr
by mrkstu 2y ago
Correlation is not causation.
Until the war, FDRs 'reforms' weren't making the country powerful or rich, maybe staunching the bleeding.
The buildup of industry for a war footing, the vacuum of the great powers/industries in rubble, large amounts of their intellectual human capital in America and the participants owing America a lot of money is what made America a hyper power after the war- and maybe the GI Bill a bit part.
Social security and the WPA had little to nothing to do with America's post war ascent...
- thrance 2y agoThe situation is definitely more complex than "FDR solved it", but I don't think this kind of economic uptake could have happened in the clogged up economy of the Gilded Age. Breaking monopolies and redistributing tax money through government work programs definitely had an impact.