Quote:
Originally Posted by Excaliber
Oh I couldn't disagree more with that! The Emergency Banking Act itself is universally recognized as a major success. Sure it takes "time" a decade or longer in some cases, but economic crisis will not heal itself. War, is not a good option to "stimulate" the economy. Which was doing just fine, by the way, when WWII broke out. I suspect that was a big reason America was reluctant to get involved. We had our's, were doing just fine, recovering from a nasty bout of economic upheaval. NOW you want us to go war??!!!??  Of course Pearl Harbor left us no choice in that regard... |
GDP history.
1929.3 843.05
1930.4 705.64
1931.4 665.35
1932.4 590.46
1933.4 603.09
1934.4 662.91
1936.4 867.13 Surpasses pre crash GDP for the first time. After 6 years, 3 quarters.
1938.1 794.11 Falls below pre crash GDP. After 8.5 years of Gov't programs.
1939.4 960.35 Exceeds 900. Were we then supplying England with war material?
1941.4 1223.33 Not only are we the war supplier for the Allies but now we are in it too.
1945.1 1800.23 A slight difference from the 843.05 of 1929.
But you can argue that WAR is a Gov't. program too.