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Oh, and no one has mentioned the other, non-economic effects of the new deal.

When FDR came into office the public, as well as investors, we're basically frozen. No one knew what to do, or was willing to invest in a volatile market. What the new deal did, however, was to restore faith in the market and guarantee that you wouldn't lose you're shirt because other people fucked up. Essentially it made people feel safe, and then investing could start once more.

In the words of David Kennedy, an excellent historian on this era, FDR wanted to create a unique, relatively riskless form of distinctly American capitalism.

Not to mention the fact that the housing and lending reforms of the new deal paved the way for the post-war boom, especially the rise of the suburbs.



Leo-j said: If a dvd for a pc game holds what? Crysis at 3000p or something, why in the world cant a blu-ray disc do the same?

ssj12 said: Player specific decoders are nothing more than specialized GPUs. Gran Turismo is the trust driving simulator of them all. 

"Why do they call it the xbox 360? Because when you see it, you'll turn 360 degrees and walk away"