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Originally Posted by dippin
Once again, I am always amazed at the idea that government intervention didnt get the US out of the depression, but WWII did. WWII was nothing if not a major govt. program from an economic standpoint.
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A number of things happened because of the war. On the positive side industrial production became much more efficient and there was a great deal of innovation. These innovations were in the private sector as they generated the goods and equipment needed for war. These gains were easily transferred to consumer production after the war.
On a negative note, they war resulted in a involuntary draft and the deaths of many young men who otherwise would have entered the workforce.
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The Selective Training and Service Act of 1940, also known as the Burke-Wadsworth Act, 54 Stat. 885 was passed by the Congress of the United States on September 14, 1940,[1] becoming the first peacetime conscription in United States history when President Franklin D. Roosevelt signed it into law two days later. This Selective Service Act required that men between the ages of 21 and 30 register with local draft boards. Later, when the U.S. entered World War II, all men aged 18 to 45 were made liable for military service, and all men aged 18 to 65 were required to register.
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Selective Training and Service Act of 1940 - Wikipedia, the free encyclopedia
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Regardless, you are still wrong, Ace.
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Am I married to you.... Are you sure....You sure sound like my wife?
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That FDR was president during most of the depression is misleading at best, since the worst point in terms of unemployment was 32-early 33, and it rebounded pretty nicely after that. We've shown you graph after graph showing the economy taking off on 34, but you still stick to a non-sense position.
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I tend to agree with the recent Presidential rankings concerning FDR, I do think he was one of our better Presidents, so I am not critical of him, I just try to understand what really happened. I think FDR's leadership was exceptional given the circumstances, but it is clear that some of his policy positions did not have the lasting impact intended. And, as was pointed out, he understood the consequences of continued excessive government spending and tried to restrict the growth of budget deficits towards the end of the decade.