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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (456517)2/14/2009 12:23:50 AM
From: Nicholas Thompson1 Recommendation  Read Replies (2) | Respond to of 1575173
 
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.



To: i-node who wrote (456517)3/19/2009 1:23:46 AM
From: Thomas M.  Respond to of 1575173
 
"When do you think the Great Depression ended and what would you guess brought about the end of it -- massive government spending of the New Deal, or the start of WWII"?

The 1940s command economy worked like a charm!

Tom


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