<<So my question to you is, what do you think caused the drop from 1930 to 1932 and the depression, and how do you think it could have been prevented?>>
There is a vast economic literature on this subject, government statistics, FWIW, are available, foreign and domestic. A free-style recollection "from memory" of a general circulation newspaper, selectively read 25 years ago, does not constitute "facts".
Your question can not be answered, except in fantasyland, as it is quite obvious, based on facts, that Great World Depression (note "world") has it's origins in complex circumstances of post WWI world economy. It started not in US, by 1929 many regions were already in depression, notably Germany, Japan and LatAm.
I'm not going to write a ten volume treatise here, but the real facts are that Hoover initiated massive numerous relieve programs, and thus run massive federal deficits by 1932. FDR run on a democratic platform that called, between other things, "to eliminate wasteful government spending" and to "ballance the federal budget". The joke was that upon election, he implemented not the Democratic platform, but that of the Socialist Party of US.
<<When looking at history, there are always a variety of conclusions you can reach, and not surprisingly many are inconsistent.>>
I'm calling you (and Zeev too) not on your conclusions, but on your fake "facts". One has to get the facts straight, before making conclusions. I know this mode of analysis is not commonly accepted by various demagogues whose main motivation is to push a preconceived conclusion ... |
