The New Deal's policies probably extended the Great Depression rather than ending it, by creating uncertainty and pursuing protectionist policies like the Smoot-Hawley tariff, and the Great Depression did not truly end until after World War II when the New Deal policies were abandoned and business confidence returned.

causalpending

Speaker

Donald Boudreaux

Evidence Quote

“there's a lot of evidence that the New Deal probably extended the Great Depression by creating an atmosphere of uncertainty [20:17]”

Source

Why You're Getting Poorer: Major Slowdown Ahead | Donald Boudreaux— David Lin
Created: 8/11/2026, 6:30:09 AM

My Notes

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