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This is also inherently a question about what *caused* the 1937 dip.

Would less commitment to a balanced budget have been the most helpful move?

If so, which type of deficit would have been more useful, one generating from more public spending, or lower taxes?

Would less regulation have been helpful?

Would a difference in handling the money supply have more potential than anything on the fiscal side?

Or did the problem (and solution) of the 1937 dip come more from foreign sources than American policy sources? One theory I heard was that the breakneck pace of German rearmament had a negative effect on western economies.

You thoughts?
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