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To: aculeus
Douglas...became a member of the Securities and Exchange Commission and before long its chairman. His two years as chairman brought notable successes in efforts to regulate the stock exchanges and made him a hero of the second New Deal.

FYI Of the 10 worst stock market crashes in the 20th century fully 1/2 took place under FDR, the New Deal, and presumedly (Judge) Douglas. To wit:

#1) 4/17/30 - 7/8/31
294.07->41.22 -88%

#2) 3/10/37 - 3/31/38
194.40->98.95 -49.1%

#4) 9/31/29 - 11/13/29
381.17->198.69 -47.9%

#8) 9/12/39 - 4/28/42
155.92->92.92 -40.4%

#10) 9/7/32 - 2/27/33
79.93->50.16 37.2%

The winds of time are continually shearing away the gilt of FDR's legacy.

14 posted on 02/20/2003 9:08:52 AM PST by yankeedame ("Oh, I can take it, but I'd much rather dish it out.")
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To: yankeedame
FYI Of the 10 worst stock market crashes in the 20th century fully 1/2 took place under FDR, the New Deal, and presumedly (Judge) Douglas.

Actually, 3 of those 5 crashes you listed above (#1,4, and 10) occurred under Republican President Herbert Hoover.

FDR was awful, also, of course. Generally speaking, both Democrat and Republican Presidents are awful. There are few good Presidents; America is a great country in spite of the Democrat and Republican Parties, not because of them.

17 posted on 02/20/2003 9:40:28 AM PST by OrthodoxPresbyterian (We are unworthy Servants; We have only done our Duty)
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