The single most important thing FDR did was to take the US off the gold standard in April 1933, which marks the trough of the Depression with industrial production and wholesale prices bouncing back in a sharp V; the New Deal's other policies (e.g., the NRA) were largely secondary, if not counterproductive.
causalpending
Speaker
Douglas IrwinEvidence Quote
“Certainly the the best thing they did was to try to change the stance of monetary policy, get off the gold standard.”
Created: 6/15/2026, 9:36:56 AM
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