Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (456517)	2/14/2009 12:23:50 AM
From: Nicholas Thompson	1 Recommendation Read Replies (2) of 1575341

Your table has selective years picked. Unemployment peaked in 1933 at 25.6% - the annual average it was higher in early 1933- and dipped as low as 14.5 % in 1937. This was due to deficit financing and other stimulative govt programs . In 1937 FDR , egged on by prominent Republicans instituted a balanced budget policy and saw the unemployment rate rise to over 19% by 1938; he then switched to Govt deficit financing again and unemployment began dropping. The rapid increase in govt. expenditures in prep for war and actually entering the War after Pearl Harbor-12/41- led to rapid decreases in unemployment.

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