Myths About the Great Depression

With the recent financial meltdown and the election of Barack Obama, there is a lot of discussion of Franklin Roosevelt and bringing back "New Deal" type programs. Let's not forget that what should have been a two to three year recession turned into a ten year depression. A recent Wall Street Journal opinion piece "Five Myths About the Great Depression" gives some insight into the cause of the "depression" and reasons for its extension.

Also read "The Forgotten Man" by Amity Shales. This book gets to the truth about the Great Depression and explains why people were forced into misery by the Roosevelt administration. If we do not learn our lesson of history, we will be doomed to relive it.