During the recession of 1937,

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The economy was almost as bad as during the worst economic period of the Hoover administration. Industrial production did falter and unemployment rose, but employment did not remain steady. The blame for the recession was not primarily placed on Congressional Republicans, and the New Deal programs had actually made some impact on economic conditions. While Roosevelt did reduce spending somewhat in an attempt to lessen the damage, this was not enough to prevent the recession from continuing for several years.

During the Recession of 1937