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:in some places - added to article -- mike dill |
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If that's true, then it should be in the article, shouldn't it? --LMS |
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If that's true, then it should be in the article, shouldn't it? --LMS :see the article now, I added this piece. -- mike dill Deflation in some countries, hyperinflation in others. It depended on which methods the governments used to try to solve the problem. "Business as usual" and budget balancing resulted in deflation. "Spend our way out of trouble by printing money" resulted in hyper-inflation. Neither method worked. Someone who has read Frederick Lewis Allen's 'Only Yesterday' and 'Since Yesterday' more recently than 40 years ago needs to work this article over. There is a great deal to be said about the extreme depth of the depression (25% unemployment in the US at one point), Hoover's unfortunate attempts to maintain budget balance (which I believe he himself abandoned near the end of his term); the failure of the US banking system in 1932, etc. (DJK) |
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