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Pastimes : Discussion Thread
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To: c.hinton who wrote (1712)8/13/2008 2:33:04 PM
From: TimF  Read Replies (2) of 3816
 
If it hadn't been for a bunch of FDR's policies the depression might well have ended long before it did.

As for rearmament, that's good for economic figures, but not so good for the actual economy. Your taking resources, and putting them to uses that aren't directly economically productive (they can have a big indirect economic benefit, avoiding massive destruction and defeat in a war is a good thing even in narrowly economic terms).

But in addition to the nominal improvement in stats from such things, you also have an improvement from exporting more to the other countries as they prepared for war. This way we have US production growing without having the money to fund it come from the US government (and thus taken out of the US economy before its put back in).

as you can see from charts such as this ,recovery was weak at the end of the 30s

The Dow Jones Utility Index presumably has a positive correlation with economic growth but IMO its not exactly a really solid measurement of the economy. For example look at how 1919 is higher than the 70s. As bad as certain things that happened in the 70s where, we where massively wealthier at any point of the 70s than we where in 1919.

(Also a minor quibble, the scale is a bit odd at the left end, since each major line represents 10 years in most of the chart but 20 years on the left side)
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