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

To: SilentZ who wrote (468763)	4/3/2009 6:29:13 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1579039

washingtonpost.com The Depression's persistence, partly a result of such policy flippancy, was frightening. In 1937, during the depression within the Depression, there occurred the steepest drop in industrial production ever recorded. By January 1938 the unemployment rate was back up to 17.4 percent. The war, not the New Deal, defeated the Depression. Franklin Roosevelt's success was in altering the practice of American politics. This transformation was actually assisted by the misguided policies -- including government-created uncertainties that paralyzed investors -- that prolonged the Depression. This seemed to validate the notion that the crisis was permanent, so government must be forever hyperactive. Tenchusatsu