Avorysuds
Gold Member
When did the GD end due to FDR's policies? "Fixed," not floated.
1933. it started anew in 1938 and was quickly ended again. The problem is the perception in the general public of a decade long event. It wasn't. It was four distinct events: a crash, a recovery, a recession and another recovery.
You described Government intervention and at the very end cited the 37/38 crash... It crashed because the privet sector was relatively small because near all the growth under FDR was Government jobs or in the some of the privet sectors unique situation of being falsely affected by Government, IE agriculture, meaning without Governement money/rules these markets that grew would crash as well.
No, that's not what I said. The market contracted in 37/8 because money was removed from the system. That removal hurt the private sector AND the public sector and caused a brief retraction. It wasn't 1930 all over again. It was over and growth returned within a couple quarters instead of four years. The New Deal didn't claim to end the business cycle.
You'd have to explain what you mean by "taking care of itself."So, when was the US and the economy able to take care of itself? Obviously not by 1937/38... So when?
I know there were ups and down in the Great depression.
Here again all you did was show that without massive money being dumped into the economy by Government we would have a "crash." "Crash" only means that things got worse in the economy, not another depression starting, sorry.
The privet sector in the US was very much mixed with Government, just like we see today with bailouts... It's not really Government but it's not really privet.