Obama Says Recovery “Takes Time” — Historically Not True With Conservative Tactics

Steve Rider Steve Rider 9 Comments

The result was that in roughly 18 months, the country was out of this economic nightmare. Unemployment fell to 6% in 1922 and to 2.3% by 1923. The country was able to trim their debt by 1/3rd. In short, it kicked off the roaring twenties where many average Americans enjoyed unprecedented quality living highlighted by buying their first car, radio, and telephones.