Ironically, FDR&#x27;s economic policy amounted to &quot;we&#x27;ll try every kind of beating until morale improves&quot;.  Completely incoherent market interventions aren&#x27;t good for markets.<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Recession_of_1937–38" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Recession_of_1937–38</a>