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The general view amongst economists is that Hoover's price supports were the one thing that caused the depression. FDR implemented limited socialism, which did
by baguasquirrel 18y ago
The general view amongst economists is that Hoover's price supports were the one thing that caused the depression. FDR implemented limited socialism, which did nothing to alleviate the depression-- there was not much he could do about it at that point --but was rather meant to keep people in homes, and clothed.