Some conservatives claim FDR turned a recession into a depression but Roosevelt was not sworn into office until March of 1933, so the period between 1929 and 1933 belongs strictly to GOP economic policies. Second, a January1987 Fed Reserve Bank of Minneapolis report said that “many consider these years (1929 – 1933) the worst economic trauma in the nation's history”

The report stated that stock prices declined by 87 percent from their peak in September 1929 to their lowest point in 1932. The performance of the economy over this period was equally bad. Economic activity of all types declined by a-third or more between 1929 and 1933; unemployment climbed to 25 percent of the labor force; prices dropped by more than 25 percent; close to 10,000 banks suspended operations, and the money supply contracted by over 30 percent.

Gross Domestic Product (GDP) fell from a high of $103.6 billion in 1929 to a low of $56.4 billion in 1933. Thereafter, it increased yearly, except for 1937, to $101.4 billion in 1940, just before WWII spending began. There was a year-long recession from middle of 1937 to 1938, but conservative economist Milton Friedman and Ann Schwartz, in their book “A Monetary History,” says Federal Reserve’s misguided “tight money” policy contributed to that recession, as well as being a major cause of the Great Depression.

In addition, Fed Chairman Ben Bernanke, in his book “Essays on the Great Depression,” wrote that ‘”Only with the New Deal's rehabilitation of the financial system in 1933–1935 did the economy begin its slow emergence from the Great Depression.”

Some conservatives claim FDR turned a recession into a depression but Roosevelt was not sworn into office until March of 1933, so the period between 1929 and 1933 belongs strictly to GOP economic policies. Second, a January1987 Fed Reserve Bank of Minneapolis report said that “many consider these years (1929 – 1933) the worst economic trauma in the nation's history”

The report stated that stock prices declined by 87 percent from their peak in September 1929 to their lowest point in 1932. The performance of the economy over this period was equally bad. Economic activity of all types declined by a-third or more between 1929 and 1933; unemployment climbed to 25 percent of the labor force; prices dropped by more than 25 percent; close to 10,000 banks suspended operations, and the money supply contracted by over 30 percent.

Gross Domestic Product (GDP) fell from a high of $103.6 billion in 1929 to a low of $56.4 billion in 1933. Thereafter, it increased yearly, except for 1937, to $101.4 billion in 1940, just before WWII spending began. There was a year-long recession from middle of 1937 to 1938, but conservative economist Milton Friedman and Ann Schwartz, in their book “A Monetary History,” says Federal Reserve’s misguided “tight money” policy contributed to that recession, as well as being a major cause of the Great Depression.

In addition, Fed Chairman Ben Bernanke, in his book “Essays on the Great Depression,” wrote that ‘”Only with the New Deal's rehabilitation of the financial system in 1933–1935 did the economy begin its slow emergence from the Great Depression.”

Some conservatives claim FDR turned a recession into a depression but Roosevelt was not sworn into office until March of 1933, so the period between 1929 and 1933 belongs strictly to GOP economic policies. Second, a January1987 Fed Reserve Bank of Minneapolis report said that “many consider these years (1929 – 1933) the worst economic trauma in the nation's history”

The report stated that stock prices declined by 87 percent from their peak in September 1929 to their lowest point in 1932. The performance of the economy over this period was equally bad. Economic activity of all types declined by a-third or more between 1929 and 1933; unemployment climbed to 25 percent of the labor force; prices dropped by more than 25 percent; close to 10,000 banks suspended operations, and the money supply contracted by over 30 percent.

Gross Domestic Product (GDP) fell from a high of $103.6 billion in 1929 to a low of $56.4 billion in 1933. Thereafter, it increased yearly, except for 1937, to $101.4 billion in 1940, just before WWII spending began. There was a year-long recession from middle of 1937 to 1938, but conservative economist Milton Friedman and Ann Schwartz, in their book “A Monetary History,” says Federal Reserve’s misguided “tight money” policy contributed to that recession, as well as being a major cause of the Great Depression.

In addition, Fed Chairman Ben Bernanke, in his book “Essays on the Great Depression,” wrote that ‘”Only with the New Deal's rehabilitation of the financial system in 1933–1935 did the economy begin its slow emergence from the Great Depression.”

You're certainly entitled to your beliefs but the New Deal enacted a lot of needed protections for working people, especially the FDIC and labor laws outlawing sweatshop conditions.