This is the third in a series of articles on economic recessions and depression, their causes, consequences and fixes. This particular articles focuses on president Hoover’s volunteerism. Sounds like a great idea, but, seriously failed in practical world. Does it mean that government and private sector partnerships never work?

It is now a historically proven fact that depressions and recessions are regular happenings in capitalist economies, including U.S. economy. In this series, we are going to examine the causes of various recessions and depressions, their consequences and fixes that worked, keeping politics and ideology aside.

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