How Government Stimulus Caused the Great Depression

All through the Roaring Twenties, government spending declined, letting the economy grow. Immediately upon entering office, Hoover began increasing spending and regulation, stagnating the US economy, a pattern followed by the next two presidents. The economy did not truly recover until that behavior ended, with the revolt against Truman in 1946.

About kazvorpal
Polyamorous, libertarian heinleiner. ENTP, student of traditional Shaolin kung fu, writer, cunning linguist.

One Response to How Government Stimulus Caused the Great Depression

  1. Pingback: The Truth about Income Inequality « But Now You Know

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