elprincipe on 14 November 2008
Final-Fan said:
I'm sorry, thread, I can't resist taking this shot:
Numbers of Banks and Bank Suspensions |
Year |
Number as of 12-31 |
Suspensions |
1929 |
24,633 |
659 |
1930 |
22,773 |
1350 |
1931 |
19,970 |
2293 |
1932 |
18,397 |
1453 |
1933 |
15,015 |
4000 |
1934 |
16,096 |
57 |
Data are from Table V 20-30 in Historical Statistics of The United States: Colonial Times to 1970, 1975, p. 912.
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Clearly New Deal reforms had no effect on the banking crisis whatsoever.
I think that any neutral party, upon comparing your quote "Unemployment was down slightly at the end of the '30s compared to when FDR took office, from insanely high to slightly less insanely high." to my graph, will perceive the reality of the situation.
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So now you are "proving" your point about unemployment with statistics about...bank suspensions. Does.not.compute.
In Memoriam RVW Jr.
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