Monday, April 12, 2010

Burton Folsom Jr. and Anita Folsom: Did FDR's New Deal end the Depression? No, they say, and they are absolutely correct. The New Deal's recovery programs like the WPA were a total failure. World War II stimulated employment but it was temporary. New Dealers worried as the war wound down that the Depression would come back with a vengeance when the servicemen and women returned home looking for jobs.

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