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To: An Old Man
FDR's policies prolonged Depression by 7 years, UCLA economists calculate.

"Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years,
and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt."

6 posted on 01/03/2009 10:45:26 AM PST by oh8eleven (RVN '67-'68)
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To: oh8eleven

I hate to sound dumb, but even though I read that article I don’t get it.

Can anyone put into simple terms why FDR extended the depression with his policies? I really do want to understand this.

I only understand this point, he raised wages (?) and businesses couldn’t make a profit I guess because of that? Is that correct?


15 posted on 01/03/2009 10:59:42 AM PST by Beowulf9
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