Depression, War, and Cold War: Books: a different view

August 10, 2010

President Franklin D. Roosevelt’s New Deal did not end the Great Depression—it prolonged it. By shaking investors’ confidence in the security of their private property rights, the president’s laws and regulations discouraged the long-term private investment needed to revive the economy. Private investment remained low during World War II and only began to rise—for the first time since the 1920s—after the transition to a new administration in 1945.

Get challenged. When faced with arguments like this (Roosevelt didn’t end depression, nor did war. They postponed recovery.), it would be good for us to work through what is wrong (or right) with this argument. How much of our history is urban legend and received opinion?

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