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4 August, 03:35

What cause the recession under Roosevelt admin

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  1. 4 August, 06:41
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    Answer: 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. In 1937 he actually achieved a balanced budget. Therefore, he did not fully utilize deficit spending.
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