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this post was submitted on 18 Nov 2024
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Who was the president when the great depression started?
What was their party affiliation, more importantly did they focus on laissez-faire capitalism? That is, did they believe in reducing regulation for the free market?
A mere 10 seconds of recalling history irrevocably damns the low quality conservatives.
It’s very odd how little Harding and Coolidge’s corruption immediately leading up the the Great Depression is almost never discussed at all.
It was, then as now, a series of bad choices in terms of reducing regulation and anti-worker decisions. We are in danger of echoing those times.
Hoover certainly did his part to make the situation worse though, and quickly.