And finally, the least-discussed economic decade in every Roosevelt-worshipping history book.
There were several errors on the part of policy makers that plunged our economy into a deep depression. The inaction on behalf of President Hoover, New York Governor Franklin D. Roosevelt, and the Federal Reserve Board to curb over-speculation proved very unwise. The Smoot-Hawley Tariff Act of 1930 which President Hoover supported and signed into law helped to paralyze global commerce. The huge tax increases signed into law by Presidents Herbert Hoover and Franklin D. Roosevelt retarded economic growth, ballooned the national debt, and sunk the nation deeper into the great depression. If Presidents Hoover and Roosevelt had moved to curb over-speculation and otherwise continued the economic policies of Harding and Coolidge, the nation may have been able to have avoided the great depression.
Ohshits! Run leftists! History's catching up!
SRSLY? Cherry-picking much? Care to find something in...y'know, an actual BOOK written by an actual HISTORIAN? F**k, what's next? backing up your arguments with discussion board posts from FreeRepublic?
The real golden part is that you apparently didn't even read it, because you got such a hard-on when it blamed Roosevelt for something.
A. Curbing over-speculation meant enacting financial regulation. Which conservatives hated and still hate.
B. Yes, Smoot-Hawley was a bad, bad idea. And it was a REPUBLICAN idea. Smoot and Hawley were both Republicans, it was passed by a Republican majority in both houses of Congress, and signed into law by a Republican President.
Ohshits, Nikov! Read your history before you try to weaponize it!