Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Borzou Daragahi who wrote (28746)	1/20/1999 12:25:00 PM
From: DMaA	Respond to of 67261

Roosevelt will always be closely identified with the resuscitation of the economy during the 1930s and 1940s. It was idiotic government actions that put the economy into the position of needing resuscitation in the first place.

To: Borzou Daragahi who wrote (28746)	1/20/1999 12:33:00 PM
From: Les H	Read Replies (2) \| Respond to of 67261

I agree that the World War II and its aftermath caused the economy to recover. When the Great Depression started under Hoover, unemployment was around 3-4% and shot up to at least 25% by 1933. In 1938, it was still around 18%. Almost half of the economy was devoted to World War II. By the end of the war, all the other economies were in shambles and the US had built up its manufacturing base to support the war. Without the war, it probably would've taken several decades longer to recover from the Great Depression.