![]() ![]() By 1940, unemployment still averaged 14.6 percent. economy was still flat on its back, and misery could be seen on the street corners. After seven years of New Deal-era explosions in federal debt and spending, the U.S. I’ve written before about the historical lie that President Franklin Roosevelt’s New Deal programs ended the Great Depression. With liberals today pitching more government spending “stimulus,” it’s critical we get this history right. That observation has never been more true than with the story of the Great Depression and its aftermath. “What is history but a fable agreed upon?” Napoleon said.
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