How FDR compensated for weaknesses
Think the economy is bad now? Here’s how things stood in 1933: The jobless rate in America hit 25%. Business investment choked. Banks defaulted. Totalitarianism swept the globe. FDR—according to his critics—appeared vain, insincere, a liar and, generally, not a nice guy. So, how did he restore faith in the U.S. economy?