Had Coolidge been President during the 1929 crash, I don’t think there would have been a depression.. Maybe a recession..
“Had Coolidge been President during the 1929 crash, I don’t think there would have been a depression.. Maybe a recession..”
I suspect you are correct. I recall reading someone, explaining when the depression actually ended, and they said, “when Roosevelt’s heart stopped beating.” The more I considered it, the more sense it made.
Roosevelt just loved to change laws unexpectedly and without any rational basis. He was essentially a dictator. No one can make reasonable economic forecasts under such a system, so few invested.
It is much like the “system” Barack Obama is working hard to implement and keep in place today.
” Had Coolidge been President during the 1929 crash, I don’t think there would have been a depression.. Maybe a recession..”
100% spot on!