How Government Stimulus Caused the Great Depression

February 28, 2012 4 Comments

All through the Roaring Twenties, government spending declined, letting the economy grow. Immediately upon entering office, Hoover began increasing spending and regulation, stagnating the US economy, a pattern followed by the next two presidents. The economy did not truly recover until that behavior ended, with the revolt against Truman in 1946.

Filed under Economy, History Tagged with depression, government spending, great depression, herbert hoover, hoover, jobs program, obama, stimulus spending

About kazvorpal
Polyamorous, libertarian heinleiner. ENTP, student of traditional Shaolin kung fu, writer, cunning linguist.

4 Responses to How Government Stimulus Caused the Great Depression

Pingback: The Truth about Income Inequality « But Now You Know
jdseanjd says:

February 24, 2013 at 04:06

I do hate long-winded explanations.

Heinlein for President, he’d have abolished the lot.

Ron Paul for President of an independent Texas.

What’s ENTP?

Regards,

JD.
:)

Reply
- kazvorpal says:
  
  February 24, 2013 at 09:54
  
  ENTP is a personality type in the Myers-Briggs scale.
  http://www.typelogic.com/entp.html
  
  Reply
  - jdseanjd says:
    
    February 26, 2013 at 03:34
    
    Thank you.
    :)
    JD.
    
    Reply

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But Now You Know

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How Government Stimulus Caused the Great Depression