Results of a Big Buisness Handling of the Great Depression

catboy637

Okay, I need to know if a government policy of handling the Great Depression that is based upon the ideals of the American_Liberty_League. The Depression starts the same as OTl, but Al Smith is POTUS.

How would Smith's ideals of pro-big buisness rather than New Deal programs influence the outcome of the Depression? Better? Worse?

I require this help so I can reboot my TL, Three Seconds Late. Any help will be greatly appreciated.
 

Jake Vektor

Banned
According to the PC standard view, we'd remain mired in misery forever or until the Nazis come and conquer us.:rolleyes:
But seriously, I think claiming free-market solutions excaberated the Depression is insane, because free-market ideas were never implemented. Hoover's response was to pressure business into driving up wages and increase public works. FDR's "New Deal" was not a significant departure from Hoover's policies-in fact, the FDR plan could best be described as "Hoover's policies on steroids." I think that if true free-market policies were implemented, the impact would be lessened and the Depression would not be "Great."
 

catboy637

Jake Vektor said:
According to the PC standard view, we'd remain mired in misery forever or until the Nazis come and conquer us.:rolleyes:
But seriously, I think claiming free-market solutions excaberated the Depression is insane, because free-market ideas were never implemented. Hoover's response was to pressure business into driving up wages and increase public works. FDR's "New Deal" was not a significant departure from Hoover's policies-in fact, the FDR plan could best be described as "Hoover's policies on steroids." I think that if true free-market policies were implemented, the impact would be lessened and the Depression would not be "Great."
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So if the exact oppisite occured (i.e. my scenario), would end horrifically?
 

Dan Reilly The Great

Jake Vektor said:
According to the PC standard view, we'd remain mired in misery forever or until the Nazis come and conquer us.:rolleyes:
But seriously, I think claiming free-market solutions excaberated the Depression is insane, because free-market ideas were never implemented. Hoover's response was to pressure business into driving up wages and increase public works. FDR's "New Deal" was not a significant departure from Hoover's policies-in fact, the FDR plan could best be described as "Hoover's policies on steroids." I think that if true free-market policies were implemented, the impact would be lessened and the Depression would not be "Great."
Click to expand...


Well, say what you will about much of the new deal, but his banking policies had a lot to do with getting the financial sector into somewhat of a semblance of working order again.
 

TNF

I think an Al Smith response to the Depression would be largely similar to Roosevelt's response, if a bit more in collusion with business (more NIRA, less soak the rich taxation). Remember, before 1932, Smith was a progressive Democrat himself. He only moved rightward when he got a job on Wall Street after his defeat in 1928.
 

usertron2020

Donor
Consider the source

Jake Vektor said:
According to the PC standard view, we'd remain mired in misery forever or until the Nazis come and conquer us.:rolleyes:
But seriously, I think claiming free-market solutions excaberated the Depression is insane, because free-market ideas were never implemented. Hoover's response was to pressure business into driving up wages and increase public works. FDR's "New Deal" was not a significant departure from Hoover's policies-in fact, the FDR plan could best be described as "Hoover's policies on steroids." I think that if true free-market policies were implemented, the impact would be lessened and the Depression would not be "Great."
Click to expand...
catboy637


Careful, catboy637. Based on his postings, Jake Vektor believes the Teabaggers are a radical Communist Front organization. Not to mention he favors the repeal of the 14th, 15th, and 16th Amendments.:D

P.S. Oops! I forgot to mention the Emancipation Proclamation.:eek:
 

MerryPrankster

IIRC wages and prices were collapsing and Hoover tried to stop this.

The Great Depression might be a deeper, uglier trough that the country eventually gets out of, although the massive bank failures accompaying this one* could make things harder.

*How did the GD's bank failures compare to the bank failures of the earlier depressions/recessions?
 
Georgepatton

Georgepatton

MerryPrankster said:
IIRC wages and prices were collapsing and Hoover tried to stop this.

The Great Depression might be a deeper, uglier trough that the country eventually gets out of, although the massive bank failures accompaying this one* could make things harder.

*How did the GD's bank failures compare to the bank failures of the earlier depressions/recessions?
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*Not sure. I recall reading about other, older depressions and recession in, say, the 1890s where as much as 25% of the workforce were unemployed, which is saying something.
 

Arachnid

At the start of the Great Depression the market and overall economy was significantly inflated and in severe need of a correction, with an appropriately minimal governmental intervention you would see a Great Depression that wouldn't be much deeper (lower tariffs cancel out less government aid) however the main effect would it would bounce back faster as private capital would not be crowed out and the new regulation wouldn't slow the recovery.
 

Wolfpaw

Banned
Typo said:
The free market will determine whether it's reportable
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Not your "free market is god" tripe, your insistence that poor people are lazy and that hard work will ultimately guarantee success. It's not only stunningly ignorant, it's outright offensive since you imply that people who may be slaving through two or three jobs to meet basic living expenses are lazy.
 

Typo

Banned
Wolfpaw said:
Not your "free market is god" tripe, your insistence that poor people are lazy and that hard work will ultimately guarantee success. It's not only stunningly ignorant, it's outright offensive since you imply that people who may be slaving through two or three jobs to meet basic living expenses are lazy.
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I grew up on a poor farm in alabalma but through hard work I became bigman with Multi dollars. Multi divorces. Multi ficky-fick all day long all because I'm American and I worked hard.
 

Wozza

Georgepatton said:
The part of me that paid attention in Economics class suspects that government-intervention is to blame, but I dunno how true that might actually be.
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Who controls how much new property can be built and where?
Whose decisions influence where people want/need to live?
 

Typo

Banned
The interventionalist-socialist government which gets in the way of the free market providing cheap and affordable housing for everyone The free market and business leaders have caused no recent problems regarding housing at all
 

catboy637

Guys, clam down. Take this into Chat, if you must.

So New Freedom, could you explain NIRA in layman's terms to me?
 
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