Hatrack River Forum: FDR's "New Deal" began the emergence from the Great Depression

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Posted by Sterling (Member # 8096) on :

quote:
Only with the New Deal's rehabilitation of the financial system in 1933-35 did the economy begin its slow emergence from the Great Depression.

-Ben Bernanke,
Federal Reserve Chair under G.W. Bush
source

Because, quite frankly, the contrary idea is pushed a little too hard by some of you have it etched in stone in your minds that the only positive thing the government can ever do is shoot itself in the head.