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24 January, 15:09

What created the Roosevelt Recession in 1937?

A) Spending on many government programs was replaced by investments to balance the budget

B) The stock market crashed the previous year

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  1. 24 January, 17:46
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    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
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