regent
Gold Member
- Jan 30, 2012
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Businesses were not making a profit on their endeavors. Farmers were leaving crops in the field, it cost more to ship milk to market than it would sell for. Business needed to make a profit not a loss when it sold an article or service. FDR said he would experiment with solutions and this was one. NRA was declared unconstitutional a few months before it expired. There was no manual or handbook on how to cure a depression, and today all we have is Keynes.
How long will a nation endure a Great Depression before there is talk of replacing the government as some nations were already doing.
Hoover's response was to loan money to business so they could produce more unsold goods.
How long will a nation endure a Great Depression before there is talk of replacing the government as some nations were already doing.
Hoover's response was to loan money to business so they could produce more unsold goods.