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

To: TimF who wrote (463579)	3/13/2009 4:22:16 PM
From: combjelly	Read Replies (1) \| Respond to of 1578392

"You provide no evidence for that assertion." I've only done it about a dozen times. Try google, it is a great tool. "Also "new deal-like policies" is rather vague, since there where so many new policies introduced by FDR, and often no real connection or coherence between them." Actually, they had one common denominator. That the government could effectively intervene to manage the economy. "Generally countries that dropped or seriously modified the gold standard earlier did better. " Tim, many countries already had done that due to WWI. Britain tried to reinstate it in the 1920s. But they didn't have enough gold and had to drop the idea in 1931. "I suppose dropping the gold standard could be considered a "new deal like policy". " Far from it. I am guessing you forgot that the US actually strengthened its commitment to the gold standard under FDR which it had weakened during WWI. And the US had one of the better performing economies.

To: TimF who wrote (463579)	3/13/2009 5:45:57 PM
From: tejek	Read Replies (1) \| Respond to of 1578392

As it turns out, Russia was hardly effected by the depression......it seems Marxism helped make it immune. Soviet Union Having removed itself from the capitalist world system both by choice and as a result of efforts of the capitalist powers to isolate it, the Great Depression had little effect on the Soviet Union. A Soviet trade agency in New York advertised 6,000 positions and received more than 100,000 applications.[50] This was a period of industrial expansion for the USSR as it recovered from revolution and civil war, and its apparent immunity to the Great Depression seemed to validate the theory of Marxism and contributed to Socialist and Communist agitation in affected nations. This in turn increased fears of Communist revolution in the West, strengthening support for anti-Communists, both moderate and extreme. Unlike the previous similar famine in Russia, information about the Soviet famine of 1932–1933 was suppressed by the Soviet authorities until perestroika. In 1933 workers' real earnings sank to about one-tenth of the 1926 level.[51] Common and political prisoners in labor camps were forced to do unpaid labor, and communists and Komsomol members were frequently "mobilized" for various construction projects.