Tuesday, February 17, 2009

Barone on the Great Depression

Here is commentary by Michael Barone on Roosevelt and the Great Depression.

I thought this was a pretty interesting read, albeit short, of the Great Depression from a political point of view. He did leave out Huey P Long.

The definition of a depression, which I had thought was 20% unemployment, is listed in Wikipedia as
Some economists require a fall in GDP of 10 per cent or more before a recession would be referred to as a depression.
Regards  --  Cliff

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