Signs Of The Great Depression?

Q: there were the monetary authorities contracting the money supply in the midst of the biggest depression in history -- when the economy was showing some signs of revival, until their monetary contraction touched off another big downturn.

A:Tthe US found itself in a depression because of unconstitutional, socialist legislation, like the Federal Reserve Act, which was supposedly passed to prevent depressions. The Dem answer to the Dem problem was more government & less freedom, in addition to an extremely costly war. The war faction in Washington was made up of Jews, communists, and other subversives within the administration & the media who struggled against overwhelming public opposition to entering a bloody war to stop a bad dictator on behalf of a worse dictator. Unable to get any public support for was, Japan was goaded into a "surprise attack" on Pearl Harbor in order to get the public into a mood for war. The result: 100 million dead, another 100 million in 11 East European nations doomed to slavery under Stalin & his successors which was followed by the fall of most of Asia to Communist slavery, which has destabilized the world since & caused massive expenses to US taxpayers. The US has been bankrupted by 60 years of socialistic programs, especially Social Security which takes more & gives less than any private retirement program ever could. Your last sentence makes no sense. What about conservative Democrats or liberal Republicans? Where do they fit into your scheme. If I am not mistaken quite a few Republicans switched to Democrat as a result of the Great Depression.. Okay, so what I just read was a post detailing how FDR's policies might not have been best in the context of the Great Depression. The post didn't go into much detail - it made claims like "minimum wage may have reduced the number of available jobs", but didn't provide any supporting economic data.

Supposedly, the book provides more. There were, however, a few points that the post didn't address: 1) Why the Great Depression occurred in the first place; and 2) What the political implications of laisse-faire capitalism in the '30s might have been. Seems to me that there's a fairly broad consensus that the Great Depression was the inevitable result of unregulated corporate capitalism. Adam Smith's free-market theories never really took into account the effects of truly giant corporations. When monopolies take over an economy, Smith's "invisible hand" theory flies right out the window - the economy becomes just as planned as the most Socialist country's.