The Forgotten Depression 4-7-10

It stands as one of America’s greatest economic achievements and yet there’s a good chance you’ve never heard of it. Reams have been written about The Great Depression and FDR’s colossal, government expanding New Deal but you’ll be hard pressed to find even a mention in most history books of this amazing turnaround. The year was 1920 and newly elected Warren Harding was inheriting a mess from predecessor Woodrow Wilson. A country in depression with record unemployment, massive debt, and a bloated and inefficient federal government. Less than two years later the crisis was over and the roaring 20’s underway without the help of a single government stimulus package or tax increase. What was the secret and why isn’t our government studying it today? The Forgotten Depression, an Insider Extreme exclusive.

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