What was done to end the Depression of 1920-1921? It was deeper and lasted 18 months.
How long was the Great Depression beginning in 1929 and how long did it last? Why?
From that bastion of Conservatism, UCLA
FDR's policies prolonged Depression by 7 years, UCLA economists calculate
By Meg Sullivan August 10, 2004
Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.
After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.
"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics.
"We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."
Pay particular attention to that last line, written FOURTEEN YEARS AGO!
FDR's policies prolonged Depression by 7 years, UCLA economists calculate