Che said:
One of the most horrible things FDR did then was something that your ignorance will not permit you to learn. Everytime you go to a bank, it's FDIC approved. Meaning that you'll have insurance for your money. This restored trust in our banking system.
It is a weak debater indeed that feels the need to put insult into every one of his points.
Che said:
But of course yes even though it was the ****ing free market that got us into the depression, we want to continue to use it just like Hoover did which put us deeper into the Depression (By the way I never claimed it was just Hoover who got us in it but he sure did put us deeper into it, I said it was 12 years of Republican Executive control. Also Bank failure, Stock market crash, and overproduction).
Another example of History over-simplified.
BTW saying,
"By the way I never claimed it was just Hoover who got us in it..." right after saying the opposite,
"FDR got us out of the mess that Hoover put us into," will only confuse people. Choose one opinion to avoid our confusion.
Connecticutter said:
That's just election propaganda put out by the Roosevelt campaign. Hoover actually started the new deal in many way. If you believe that Hoover "got us into the depression" then you are ignorant of economic history of the 1920s and 1930s.
Hoover started the "alphabet soup" organizations, before FDR was ever president. I"ll quote Wikipedia for this, there are too many to list myself.
Signed the Emergency Relief and Construction Act, the nation's first Federal unemployment assistance.
Increased public works spending. Some of Hoover's efforts to stimulate the economy through public works are as follows:
Asked Congress for a $400 million increase in the Federal Building Program
Directed the Department of Commerce to establish a Division of Public Construction in December 1929.
Increased subsidies for ship construction through the Federal Shipping Board
Urged the state governors to also increase their public works spending, though many failed to take any action.
Signed the Federal Home Loan Bank Act establishing the Federal Home Loan Bank system to assist citizens in obtaining financing to purchase a home.
Increased subsidies to the nation's struggling farmers with the Agricultural Marketing Act, but with only limited impact.
Established the President's Emergency Relief Organization to coordinate local, private relief efforts resulting in over 3,000 relief committees across the U.S.
Urged bankers to form the National Credit Corporation to assist banks in financial trouble and protect depositor's money.
Actively encouraged businesses to maintain high wages during the depression. Many businessmen, most notably Henry Ford, raised or maintained their worker's wages early in the Depression in the hope that more money into the pockets of consumers would end the economic downturn.
Signed the Reconstruction Finance Act. This act established the
Reconstruction Finance Corporation, which made loans to the states for public works and unemployment relief. In addition, the RFC made loans to banks, railroads and agriculture credit organizations.
Raised tariffs to protect American jobs. [although it didn't work well]
[...]
He tried, even disregarded his party increasing spending this much.
FDR just did it more, and more conspicuously; showing that he was trying, and making sure everyone knew he was trying.
Chi said:
Yes, yes, unefficent which is why it created more then 12 million jobs and beat the **** out of the depression, right? [sic]
WWII created millions of jobs in hundreds of industries, and they continued on this stimulated growth after the war during the rebuilding of Europe. Most of these jobs came from these, but FDR did make people feel better, and he did create many thousands of jobs. Just don't over-blow his influence on the economy.
Che said:
Election propaganda doesn't take care of 25% unemployment rate. Propaganda doesn't take tanks and kill US Army Vets. Election propaganda doesn't use the trickle down philosphy when the rich aren't going to invest or will invest abroad. Election Propaganda doesn't start any Gov't programs or Soup kitchens. [sic]
Wartime industries do though.
Connecticutter said:
There was another economic downturn in the late 30s after FDR's second New Deal. Republicans gained power as people started to realize the failure of FDR's policies, but he won the 1940 election because of the impending war.
Oh his programs were definitely helping, and if WWII never broke out then I think by 1950 or '55 the economy would have been back up and running, provided that FDR didn't die, and he had no visions for great power.
But those who are not students of history don't understand that WWII was the catalyst that brought the US, and the world out of the Depression. Hard line liberals think if FDR's policies got us out of the depression then liberal ideas are correct. The opposite is also true of those on the right, who say that he only made it worse. It's obvious to any one who actually studies history, that he did help a great deal, but WWII was the direct cause of the end of the Depression.
Obvious partisan "versions" of history are just stupid, don't interpret history on your political standing, interpret history by
what actually happened.