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AlexFokin [52]
3 years ago
10

What cause the recession under Roosevelt admin

History
1 answer:
nika2105 [10]3 years ago
5 0

Answer: Keynesian economists stated that the recession of 1937 was a result of a premature effort to curb government spending and balance the budget. Roosevelt had been cautious not to run large deficits. In 1937 he actually achieved a balanced budget. Therefore, he did not fully utilize deficit spending.

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