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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (511374)9/8/2009 4:28:58 PM
From: i-node  Read Replies (3) of 1578556
 
Yeah. The US could have recovered quickly like all of the other countries in the world.

You keep saying this; it is a very simplistic view and I have to think you know this.

The U.S. economic decline was far worse than almost all other countries. So, how can you POSSIBLY claim that FDR's policy "worked"?

Peak-to-trough Industrial Production by Country

United States     46.8 %
Poland            46.6 %
Canada            42.4 %
Czechoslovakia    40.4 %
Germany           41.8 %
Netherlands       37.4 %
Italy             33.0 %
Belgium           30.6 %
France            31.3 %
Argentina         17.0 %
Denmark           16.5 %
Great Britain     16.2 %
Sweden            10.3 %
Brazil             7.0 %
Japan              8.5 %


The reality is only the war got us out of the depression. And it wasn't just deficit spending. It was an entire attitude that turned around the kind of Dust Bowl mentality that was pervasive throughout America until Pearl Harbor.
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