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Sunday, January 27, 2019

Did the New Deal Prolong the Great Depression?

Did the radical Deal Prolong the Great depressive disorder? Yes Burton W. Folsom, Jr. * The Cabinet head had personal connections with the President. Made him bias towards FDRs appraisals * Unemployment was higher in 1939 than in 1931 after hoover left spotlight * Govt went from running a surplus to a deficit * Seven eld of trade deficits cursed American GDP over the span of the New Deal * Welfare and Social Security kept lazy hoi polloi lazy and made hard cogitationing people take profits cuts * The economy is self regulating and self healing it would have intractable itself in time( non 12 years though) * IT was Constraints School The US economy was in a nose-dive for the first 6 years of FDRs presidency, however he kept the Ether up and promised progress * Roosevelt Raised taxes across the jury Sounds familiar to what is going on now damn Obama * If the war did not come about, FDR would not have lasted the 4 terms. NO Roger Biles * FDR believed Taking a method and trying it until it worked or didnt. It it did, then keep doing it if it didnt engage that defeat and try something else. He used the Federal Govt to stand by regulate the economy( kind of like genetically engineering which also doesnt work 100% of the time) * Unemployment decreased over the first 5 years of FDRs presidency * The FDIC insured everyones money that is in the bank which is something that the US deficiencyed in 1929 * FDR created hope for everyone with Social Security, Welfare and Section 8 housing * He created the US postal service, rural electrification act, and rural unhorse act * Roosevelt changed the form of Govt in a short 12 years * He created Wealth Tax (sounds familiar AGAIN which alter Very few taxpayers * He then Repealed the Wealth Tax because it didnt work FDRs new deal was a great idea in theory(so is Marxism), but wasnt the best idea for the time. What he did is kind of what we are going through today Promising change but not saying when, Increasing taxes a nd hoping it will help your deficit, and tried to put in with the self regulating economy. The New Deal DID work, but only because WWII brought the need for production back to America without that, the New Deal would have taked much(prenominal) much longer to work.

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