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To: Old Teufel Hunden

>The first new Deal policies were not enacted until 1933 so they can’t be blamed for 12 years worth of the Great Depression.

We tried to re-inflate the debt bubble during that period before the new deal. During the new deal FDR helped by reforming the banks but then screwed everything up by implemented Venezuelan style socialism. The debt bubble wasn’t cleared until after WW2.

If you want a pretty good over on the subject check out:
http://www.amazon.com/Return-Great-Depression-Vox-Day/dp/1935071181

>Point of fact, there were a lot of things that prolonged it of which one of them was trade protectionism.

Then explain why Germany got out of the great depression long before anyone else. And don’t tell me it was national socialism, we all know that socialism is an economy killer.


46 posted on 05/04/2016 7:07:43 AM PDT by RedWulf
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To: RedWulf
"Then explain why Germany got out of the great depression long before anyone else. And don’t tell me it was national socialism"

I have never deeply studied this issue but I imagine that it had something to do with their hyper inflation in the 20's and I'm sure it didn't hurt to get things like the Rein Ruhr industrial center back from France by walking into it. I know that they just stopped paying their WWI debt obligations also so yes National Socialism played a part.
55 posted on 05/04/2016 7:23:09 AM PDT by Old Teufel Hunden
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