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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (433308)	7/25/2003 10:20:46 AM
From: TigerPaw	Read Replies (1) \| Respond to of 769667

The Roosevelt Administration, which started in 1933: The economy continued to improve during 1935. There seems to be major gaps in your history. For example in 1933 prohibition ended which brought millions of dollars from the hidden criminal economy into the reported economy, without really changing the underlying economic activity. Some of these numbers are artifacts of reporting. While Soil Conservation was important, the major New Deal package of the first 100 days was the National Labor Relations legislation which ended the cycle of strikes and strike breakers which brought work at the few factoris which had a market, to a halt. Numerous bankrupcy bills brought the cycle of debt and forclosure to an end. The Supreme Court did intervine in many of the early laws, but they were refiled, and when Roosevelt after the "packing" uproar, the Supreme Court realized that they would rather have their jobs and influence than mount further challenges. The the economic recovery was marred by the loss of markets from the wars in the late 1930s in Spain, China, Africa, Japan, and the specter of war though Europe. By world war II the major institutions for a stable labor force, a stable banking system, and SEC oversight of some market excesses. The recovery did not really take place until after WWII when the reforms and institutions were in place just as the international markets increased demand while international production was largely destroyed. TP