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Old 11-25-2011, 11:21 AM   #1
Sundae
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Quote:
Originally Posted by SamIam View Post
Roosevelt helped rise the US out of the Great Depression by increasing taxes on the wealthy, creating far reaching new social programs - like social security, and instituting the great public works projects of the time like the Hoover Damn.
But in the end it was World War II that tipped the balance in lifting America out of depression.
No disrespect to FDR - he is one of my politcal heroes.
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Old 11-25-2011, 11:43 AM   #2
Lamplighter
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Originally Posted by Sundae View Post
But in the end it was World War II that tipped the balance in lifting America out of depression.
No disrespect to FDR - he is one of my politcal heroes.
Ummmm...maybe for business profits,
but "tipped" may not be the best word
regarding unemployment.

US Depression: 1929
US Elected FDR: 1933
US entered WW II: 1944

US Unemployment Rate: 1932 - 23.6% (12.8 million unemployed)
US Unemployment Rate: 1938 - 19.1%
US Unemployment Rate: 1940 - 14.6%
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Old 12-05-2011, 10:03 PM   #3
HungLikeJesus
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Originally Posted by Lamplighter View Post
Ummmm...maybe for business profits,
but "tipped" may not be the best word
regarding unemployment.

US entered WW II: 1944
1944?
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Old 12-05-2011, 10:23 PM   #4
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Ooooops... give or take 3 years.
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