Wednesday, August 17, 2011

"Ominous Parallels"

By Walter Williams

"Blacks were especially hard hit by the NRA. Black spokesmen and the black press often referred to the NRA as the "Negro Run Around," Negroes Rarely Allowed," "Negroes Ruined Again," "Negroes Robbed Again," "No Roosevelt Again" and the "Negro Removal Act." Fortunately, the courts ruled the NRA unconstitutional. As a result, unemployment fell to 14 percent in 1936 and lower by 1937."

National Recovery Act

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1 comment:

FIREBIRD said...

Roosevelt's New Deal policies turned what would have been a three- or four-year sharp downturn into a 16-year affair... excellent analysis - scary too!