Wednesday, September 16, 2009
See if anything sounds familiar
This page features two timelines: the first for general events of the Roaring 20s and the Great Depression, the second for leading economic indicators. The importance of these timelines cannot be emphasized enough. Seeing the order in which events actually occurred dispels many myths about the Great Depression. One of the greatest of these myths is that government intervention was responsible for its onset. Truly massive intervention began only under the presidency of Franklin Roosevelt in 1933, who was sworn in after the worst had already hit. Although his New Deal did not cure it, all the leading economic indicators improved on his watch.