My New, New Deal for the economy.

[steven787]

HappySqurriel said:

ManusJustus said:

HappySqurriel said:

Although the New Deal was popular, there are many who believe that the government involvement in the ecconomy was one of the reasons why the American ecconomy took so much longer to recover from the Great Depression than other countries (many of which were harder hit) around the world.

Those people would be wrong because Roosevelts economic polices brought about one of the best times in American economy.  And yes, Germany and the Soviet Union did better during the Great Depression, but Germany was a fascist war industry and the Soviet Union's command economy wasn't even touched by the market.

 

Alberta and Saskatchewan were the two hardest hit regions in North America, and they (along with the rest of the Canadian ecconomy) recovered faster than the United States did. It was only after World War II began, and the war was funded through the sale of war bonds, that the American ecconomy really entered into being a highly productive ecconomy.

 

That's because the U.S. (even with the New Deal) was the most conservative democracy not to turn fascist.  BTW, economy.

Edit: and if you read the OP, you will see where I say the GD ended with the production for WWII in 1939.