Did government intervention fix the Great Depression or made it worse?
Did government intervention fix the Great Depression or made it worse?
Lucas Wright
Evan Clark
neither
Adrian Gomez
the new deal for better or for worse, helped pull the rug on one of the most dangerous potential uprisings by the working class, in a time where the US labor movement & socialist/communist/anarchist movements were at their peak.
every capitalist who complains about the New Deal is an idiot who, if their granddaddy had their way when it came to using the state to bail out the working class, would either never exist due to their grandparents being out to the wall for being capitalists or capitalist sympathizers, or would currently be living in some form of fascism if the right ended up using the state to address the issue, except instead of welfare it would've just put an extra boot to everyone's heads.
the irony feeds me on days when I skip breakfast
Liam Stewart
>would currently be living in some form of fascism if the right ended up using the state to address the issue,
you say that like it's a bad thing and you act as if the new deal was inspired by communism and not corporatism
go back to leftypol pls
Kayden Martinez
Yeah sorry commieboo, I think most ordinary people will pick reformism over violent revolution
Juan Lee
>I think most ordinary people will pick reformism over violent revolution
Really depends on the situation.
Oliver Morris
>the only states where the people chose revolution over reformism were backwards agrarian shitholes like Imperial Russia/Kuomintang China, i.e. the exact opposite of what Marx predicted
Kind of embarrassing that uneducated, barely-literate peasants had more revolutionary potential than muh urban proleteriat
Chase Moore
That's because socialism is inherently conservative and finds more resonance with feudal-minded areas looking for some bulwark for their communal lifestyle in the face of the perpetual instability of capitalism than it does with people who have already lost their traditional roots and assimilated into market culture.
Jordan Anderson
and eventually reform isn't going to work. happened with slave societies, happened under feudalism, it'll happen in capitalism.
wut. reform IS the answer from the right, I never said it was leftwing lol
Benjamin Murphy
>only options are violent uprising or starving to death
vs
>your situation looks pretty grim but chances are that you won't die just yet and a violent uprising would probably be way more dangerous to you personally
It's really not rocket science
James Martin
Some policies were good, but NIRA was an absolute failure.
newsroom.ucla.edu
"The policies were contained in the National Industrial Recovery Act (NIRA), which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages. Because protection from antitrust prosecution all but ensured higher prices for goods and services, a wide range of industries took the bait, Cole and Ohanian found. By 1934 more than 500 industries, which accounted for nearly 80 percent of private, non-agricultural employment, had entered into the collective bargaining agreements called for under NIRA.
Cole and Ohanian calculate that NIRA and its aftermath account for 60 percent of the weak recovery. Without the policies, they contend that the Depression would have ended in 1936 instead of the year when they believe the slump actually ended: 1943."
Christian Scott
It helped; the double-dip recession was because Roosevelt, being fairly conservative, tried to cut spending after winning re-election. The Depression fully ended with the war, which was basically the New Deal on steroids.
Kayden Nelson
Retards shouldn't have been on the gold standard in the first place
Stimulus did help the depression though since there was a short term lack of demand in the economy
Lincoln Hernandez
Made it worse. I think by about 7 years.
Adrian Martinez
Depression ended AFTER the war.
Juan Nelson
Regardless of the economic consequences, it helped foster a sense of worth in devastated communities and trust in the government that became valuable in the 1940s.
Jackson Ramirez
Middle class zhlobs have something to lose. Poorfags that have about the same value as fucking dogs (or even lower - in imperial Russia dogs were compared with "lower civil rank" citizens) - have nothing to lose, SOMETHING to gain.
Also, there is a theory that, by the irony, the monarchist arguments of the "muh economic growth and prosperity" is a result of commies (namely, Stalin), to tie in the revolution with Marx prediction.
Kayden Powell
I've read it somewhere that the only thing that Americans got from the New Deal was Roosevelt's smile.
Of course if we consider the option that he was the one who prolonged it then it's not enough to justify it. Hoover tried "New Deal" and failed why did Roosevelt try to amplify it? Why did he actually campaign to the right of Hoover promising to change his reforms?
Joseph Phillips
Bump
Logan Reed
>no government intervention, depression exists
>government intervention, no depression
Hmm really makes me think
Nathan Nguyen
>socialist/communist/anarchist movements were at their peak.
they were still a joke in the 20s. even the klan was a bigger force than they were.
Gavin Edwards
Except it's not true. Recession happens sometimes. People built economy and they make mistakes. It's not a system that you can fully control. But you can skillfully manage the crisis. For example there was an economic depression after WWI. Huge debt was one of the reasons but president Harding cut the spending and everything went fine. I guess you can call that intervention too. There's always plenty to do and laissez faire isn't about total absence of action but it isn't about useless spending and pumping money into a number of projects like crazy.
The Great Depression is a good example of how you don't manage an economic crisis starting with Hoover. Whoever told you that he wasn't interventionist was lying. In fact his ideas were later used by FDR and they also failed.
Colton Lopez
>ywn see the Klu Klux Klan fight anarchists, communists, and socialists
Jaxson Bailey
Things stopped getting worse, and people were pacified for a while. The country didn't really recover until after the war though.
Jace Carter
>some form of fascism if the right ended up using the state to address the issue
That WAS the new deal you tard, it was openly based on Mussolini's policies that got Italy out of the great depression.
James Garcia
...
Ethan Powell
...
Liam Martinez
This but those who want to give Roosevelt at least some of the credit say that it was the war itself that saved the economy.
So basically war economy, impossibly increased spending, employement mainly in one sector and a bunch of destroyed wealth.
Jack Sanders
Italy and Germany were nearing an urban revolution in 1918
Thomas Nelson
Jews don't count
Asher Thompson
Criminally underrated post
Liam Sanders
>Some policies were good, but NIRA was an absolute failure.
Conservatives will never not be mad at FDR.
krugman.blogs.nytimes.com
Parker Cooper
More like criminally misleading post. Cole and Ohanian's assertion that Roosevelt prolounged the depression is known bullshit and conjecture at best.
Christopher Lee
Theodore would have handled it better. Instead we get his pansy ass champagne socialist cousin. Who was the closet thing to america ever having a dictator.
Ethan Wright
>Roosevelt sets the stage for arguably the strongest period of American dominance in history
>m-muh Teddy
Neck yourself.
Angel Long
a fluke caused by hitler and tojo.
if europe didn't blow it self up again. Then the US would not have been the only industrial power left standing.
Samuel Wright
Actually, I like the new deal because is the closest to thing to American fascism could be.