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Old 02-11-2009, 07:07 PM  
Ethersync
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Quote:
Originally Posted by SuckOnThis View Post
The depression started in 1929, FDR was not president until 1933.

'The turning point in the depression was in 1933. Some economists attribute the subsequent recovery to monetary expansion that began after the bank holiday a few days after Roosevelt was inaugrated on March 4, 1933 and devaluation of the U.S. dollar that was then tied to gold.'
Yes, I am aware and it was not until December '41 that we were in the war.

Hoover's policies were awful too...

While "some" economists may credit FDR with fixing this many do not.
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