Top Three Myths about the Great Depression and the New Deal

Historian Stephen Davies names three persistent myths about the Great Depression. Myth #1: Herbert Hoover was a laissez-faire president, and it was his lack of action that lead to an economic collapse. Davies argues that in fact, Hoover was a very interventionist president, and it was his intervening in the economy that made matters worse. Myth #2: The New Deal ended the Great Depression. Davies argues that the New Deal actually made matters worse. In other countries, the Great Depression ended much sooner and more quickly than it did in the United States. Myth #3: World War II ended the Great Depression. Davies explains that military production is not real wealth.; wars destroy wealth, they do not create wealth. In fact, examination of the historical data reveals that the U.S. economy did not really start to recover until after WWII was over.

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[Katrina Yarbro]

... so, what ended the great depression in United States?

[Unit01232]

I heard when FDR got involved he made the depression worse and made it last longer.

[Sergey Laktionov]

Another historian who writes about history from parallel world.... Stock market crushed because of lack of oversight, so the solution must be even less oversight.... Numbnuts professor.

[Joshie W]

i think FDR didn't care about growth i think he cared about the people.

[Trepur349]

Post world war 2 privatisation under Truman

[MrSaber152]

with our economic rivels(europe) all jacked up. it left the market open to the usa to clean house making the 1950s some of te best ecnimic times the usa had ever seen. all that begai to fade as europe got them self back in the game come the 1970s with it being a fair playing feild again the market in the usa started to fall. as everyone else wa now getting thier piece of the pie

[Anthony VP]

It hasn't really ended...

[Nick Hansen]

BANKSTER A-HOLES!

[Nick Hansen]

Yeah, but when you smash the competition it helps to get a leg up on production. The Rothschilds are estimated to have over 500 trillion dollars in their vaults. That's half the worlds money and growing. All our hard work and capital are gobbled up by these people for no better reason than making us weak enough to inslave. What A-Hole banker sponsors this crap? Another $379 trillion was just stolen from us by ICAP, but ain't nobody going to talk about that.

[JakvsMetalheads999]

Probably these and some movie trailers are the only ads I don't just hit skip on -_-

[trueconservatie33]

massive spending cuts and tax shelters/tax cuts

[Diana N]

I am going to assume time. With enough time, most things including economics balance out overall.