wrong. the austrian wallpaper hanger got us out of the great depression. he also caused our post war prosperity because the us was the last man standing.
as for fdr, his policies tended to excerbate the problem. he came with all of those wonderful democrat ideals and finally had to resort to programs that hoover had espoused to even maintain a semblence of order.
things that aren't widely reported about the fdr is that the unemployment rate was pretty muched fixed at 17% for fdr's whole time and that fdr ordered the slaughter of livestock and plowed under ripe food stuffs to prop up farm prices at the same time as people were starving. now that's democrats in action for you. moreover, what also isn't stated is that the 17% unemployment was chronic. meaning that whoever was unemployed at the start stayed unemployed.
the reason why we might weather this storm in good shape is because the banking systems are working in concert with each other whereas in the depression, they were all trying to get the upper hand.
[QUOTE=Jets Voice of Reason;2799217]I'm sorry. That's about as asinine a response i've ever seen. That's just partisan bullcrap and clearly shows you have no idea what actually caused and perpetuated the Great depression.
Here are two main reasons why the great depression was perpetuated:
1) Fixed exchanged rates backed by the gold standard
2) Widespread panic in the financial sector that caused runs on the banks.
How were these two problems solved? FDR moved away from a gold standard. He started devaluing gold in order to expand the money supply. Ever hear of the FDIC? You don't have to worry about runs on banks because your deposits are insured.
I disagree with a bunch of FDR's policies, but he got us out of the Great depression.[/QUOTE]