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View Diary: The Great Depression Pt. III (172 comments)

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  •  Excellent question! (4+ / 0-)

    I'd love to hear what bonddad and NDD offer for an answer.  My answer would be "enough to goad FDR into the court-packing fiasco," but I really don't know how much those decisions factored into the economic downturn in 1937-38.

    And therein lies one of the huge problems with any such project.  We're dealing with issues of complex causation, where there are multiple, overlapping causal actors with divergent and convergent effects, not to mention the sheer stochastic randomness - the things government policy can't control but that still affect the outcomes of government policies - that we should always factor into such discussions.

    •  I would agree with your Answer (1+ / 0-)
      Recommended by:

      Google the book "Since Yesterday", it is available in its entirety online.  The Supreme Court provoked a constitutional crisis by striking down many of the original New Deal enactments (chiefly the NIRA).

      Roosevelt resolved to fight them, and took a pasting over the court-packing plan, but fortunately the Justices were old and a few of them died or retired.  Replacing them with Justices Black, Douglas, and Frankfurter did the trick.


      "When the going gets tough, the tough get 'too big to fail'."

      by New Deal democrat on Mon Jan 05, 2009 at 11:40:37 AM PST

      [ Parent ]

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