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Milton Friedman wrote (with Anna Schwartz) an essay on the Depression in the 1960s that they entitled âThe Great Contraction.â They placed much of the blame for this contraction on the flawed monetary policies of the Fed. But the more important failure of the New Deal was what it did not do.The only way to break the economic deadlock that had paralyzed the American economy in the 1930s was to shock it back to life by enormously expanding economic activityâquickly and decisively.ilton Friedman wrote (with Anna Schwartz) an essay on the Depression in the 1960s that they entitled âThe Great Contraction.â They placed much of the blame for this contraction on the flawed monetary policies of the Fed. But the more important failure of the New Deal was what it did not do.
The goal of it was to have South Vietnam take a more active role in fighting, and for Americans to become less involved. How did the Vietnam War end? The Vietnam War ended with an agreement called the Paris Peace Accords. This agreement between the United States and North Vietnam stated that the US would pull out all of it's remaining troops from the country, in return for all of the Americans being held of prisoners of war to be returned/released.