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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (448061)	1/16/2009 12:54:45 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1574495

CJ, > Granted, it was still high in 1941, but it had dropped a lot to under 10 percent at the time we entered the war. From Wiki: > Unemployment fell dramatically in Roosevelt's first term, from 25% when he took office to 14.3% in 1937. Afterward, however, it increased to 19.0% in 1938 ('a depression within a depression'), 17.2% in 1939 because of various added taxation (Undistributed profits tax in Mar. 1936, and the Social Security Payroll Tax 1937, plus the effects of the Wagner Act; the Fair Labor Standards Act and a blizzard of other federal regulations), and stayed high until it almost vanished during World War II when the previously unemployed were conscripted, taking them out of the potential labor supply number Still doesn't prove that the Great Depression would have lasted longer without FDR's "blank check" policies. In fact, that "depression within a depression" could be interpreted as proof of failure. Tenchusatsu