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The New Deal Ended the Depression
The New Deal Ended the Depression
Way too many people give false claim and credit to FDR and his New Deal uber-spending for ending the Great Depression - while nothing could be more further from the truth. Wrong, wrong, wrong, just the opposite was so. Oh yes, FDR initiated many government make-work agencies such as TVA, WPA, and CCC which created and improved upon many wonderful infrastructure projects, most of which are still in abundant use today. These jobs provided an income and money to many needy families all throughout America. But, did this help end the depression? NOT!!Where did the money (salaries and wages) come from? True history, as opposed to political party propaganda proves that in spite of FDR's great intentions, most of his programs just exacerbated, prolonged, or even worsened an already bad economic situation. And how could this be so, you may ask? Remember back when the United States dollar (monetary system)was backed up by gold at the rate of $32.00 per ounce? But not for FDR and his administration. Just keep printing out more and more dollars to pay for more and more government project workers. So what if the mighty one dollar was only worth 10 cents of gold after only 3 years of uncontrolled and unregulated government spending. ( The past could soon become the future) World War II caused the end of the Great Depression; and many conspiracy theory types speculate that this is why there was no military prepared opposition to the Japanese invasion of Pearl Harbor, even though there was much advance knowledge of such an impending action at the highest levels of our military and our government.
posted on Jan 3, 2009 8:12 PM ()
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