[ek_hornbeck]

A stock market crash happened in late 1929. That didn’t mean we had to have a decade-long depression?

The stock market crash was the bursting of a speculative bubble. Speculation inflated the value of many company's stocks far above what their assets were conceivably worth. Additionally, the stock bubble encouraged banks to take money out of low-risk securities and put them into high-risk securities. It was much like what happened in 2008, only worse. Or do you think that tariffs caused the 2008 real estate market collapse too?

[nickcarraway]

You are kind of making my point. The stock market crashed in 1929. But the U.S. had had many stock market crashes and recessions. (Like the one after World War I)

But a stock market crash isn't a 12 year depression.

The U.S. had a stock market crash, but the policies of Hoover, then FDR prolonged a short term event into a much worse long term event.

Why do you think that FDR was so desperate to get into a war in Europe? His policies weren't working in getting us out of depression.