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Yes, in the 1930's. After the Stock Market crash in 1929, the US economy fell into a depression. Hoover was voted out and Roosevelt instituted relief programs. Also, preparing for World War 2 (some of which had to be done secretly) helped the economy recover. My understanding of the Great Depression is that it was worldwide, with the most prosperous countries hit the hardest. The economy of Germany's new Weimar Republic collapsed in the 20's before the US economy, and it caused this government to be replaced by the National Socialist (Nazi) Party which instituted recovery programs more extreme than those allowed in the US, and gave the Germans a head start in World War 2.

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16y ago

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