Quote:
Originally posted by Superbelt
Or you can believe that what FDR did had no effect on taking us from the worst Depression this country has ever seen to the most powerful nation the world has ever known.
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Actually, what FDR did in the New Deal didn't have direct impact on the economy.
It wasn't until the miltary/industrial complex kicked in for WWII and after that the economy recovered.
Now what it DID impact, was it allowed many people out of work to have jobs that they might not have.
Plus it set up projects such as the Tennessee Valley Project that had overall regional infrastructure improvement
that increased the economic potential for that area over the long term.
And it setup protectionary standards, entities and programs that would protect the average person on down
and the local economies from corporate abuses, economic downturns, and personal crisises.
WWII was the rocket. (or at least the catalyst)
FDR's programs were the parachute afterwards.