RECESSION

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>>1132846
The most iconic recession in American history was The Great Depression (1929-1939) that occurred in conjunction with series of unfortunate global economic disasters that in turn was a result of the Allie's mismanagement in the aftermath of WWI.

FDR, whose presidential term started in 1933, had an economic plan called the New Deal which entailed several governmental programs and agencies that are still in use today (ie. Social Security, SEC). The extent of the New Deal's helpfulness in combating The Great Depression is still discussed by historians, students, and angry people posting on anime image boards today.

You can read more on this website I googled about the New Deal:
http://www.history.com/topics/new-deal

The government has to spend it's way out of a recession and hope that the cycle will right itself in time to manage the debt incurred.

>>1134918

And it was a fucking disaster

The government turned an ordinary recession into the great depression. What finally bailed us out was world War 2

>>1135113
Do you have down syndrome or is being a retarded a meme now?

>>1135907
krugman pls