Quote:
Federal spending and regulation not only produced a dramatic improvement in economic conditions but it laid the groundwork for growth which wiped out the debt incurred in Roosevelt's work programs.
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By what measure do we say that the policy that was put in place during the 30s which resulted in unemployment to be above 14 percent throughout the entire decade was a "success"? I would think that we would look at the policies put in place during that time period and do the opposite because they clearly didn't work in restoring our economic ship to any level that we would find to be acceptable.