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Did Government Policies Create the Great Depression?
Posted: Fri Feb 11, 2011 2:10 pm
by native
After the 1929 stock market crash, the country entered a recession. Was it government policy mistakes that changed a normal recession into the Great Depression? 43% of the voters polled by Rasmussen think so. Only 26% disagree.
http://www.rasmussenreports.com/public_ ... 6_disagree" onclick="window.open(this.href);return false;
Re: Did Government Policies Create the Great Depression?
Posted: Fri Feb 11, 2011 2:35 pm
by Baldy
The Fed caused the depression, and the subsequent years of government meddling made it much worse.
No big surprise there.
Re: Did Government Policies Create the Great Depression?
Posted: Fri Feb 11, 2011 3:02 pm
by catamount man
gpvernment fucks everything up that it touches.
Re: Did Government Policies Create the Great Depression?
Posted: Fri Feb 11, 2011 3:03 pm
by GannonFan
Hard to say that Hawley-Smoot (I know it's officially in the other order, I just like the sound of it this way) wasn't a catastrophic decision by Hoover to sign it even though he ample counsel opposing it. So certainly in that particular case, the government made the wrong call. But like any recession/depression, there was plenty of blame to go around, both government and private sector.