The Great Depression
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Words: 1901
Pages: 7
(approximately 235 words/page)
Pages: 7
(approximately 235 words/page)
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showed first 75 words of 1901 total
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showed first 75 words of 1901 total
showed last 75 words of 1901 total
…recession, as the above chart shows. I have been unable to find reliable economic growth figures from World War II, but as a generalization it is safe to say the economy exploded, experiencing it's greatest growth in the U.S history. Between 1940 and 1945, the GDP nearly doubled in size, form 832 billion dollars to 1559 billion dollars in constant 87 dollars. And this occurred as deficit spending soared, to levels Keynes had earlier and unsuccessfully recommended to Roosevelt.
…recession, as the above chart shows. I have been unable to find reliable economic growth figures from World War II, but as a generalization it is safe to say the economy exploded, experiencing it's greatest growth in the U.S history. Between 1940 and 1945, the GDP nearly doubled in size, form 832 billion dollars to 1559 billion dollars in constant 87 dollars. And this occurred as deficit spending soared, to levels Keynes had earlier and unsuccessfully recommended to Roosevelt.
