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.
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Did Government Policies Create the Great Depression?
Re: Did Government Policies Create the Great Depression?
The Fed caused the depression, and the subsequent years of government meddling made it much worse.
No big surprise there.
No big surprise there.
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Re: Did Government Policies Create the Great Depression?
gpvernment fucks everything up that it touches.
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Re: Did Government Policies Create the Great Depression?
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.
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