Great Depression in the United States/Tutorials: Difference between revisions
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imported>Nick Gardner |
imported>Nick Gardner |
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==Fiscal Stance== | ==Fiscal Stance== | ||
:(''Full employment deficit'' ) | :(''Full employment deficit - see the [[/Related Articles|Glossary]]'') | ||
{| class="wikitable" | {| class="wikitable" | ||
Revision as of 03:44, 5 February 2009
- Statistics of the Depression
GDP Trend
Chart 1: GDP annual pattern and long-term trend, 1920-40, in billions of constant dollars[1]
- ↑ based on data in Susan Carter, ed. Historical Statistics of the US: Millennial Edition (2006) series Ca9
Employment Trend
Expenditure levels
- (billions of 1929 dollars)
1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 Gross National Product 98.5 104.4 95.1 89.5 76.4 74.2 80.8 91.4 100.9 109.1 Consumer Spending 74.8 79.0 74.7 72.2 66.0 64.6 68.0 72.3 79.7 82.6 Gross Investment 14.5 16.2 10.5 6.8 0.8 0.3 1.8 8.8 9.3 14.6 Construction 9.8 8.7 6.4 4.5 2.4 1.9 2.0 2.8 3.9 4.6
- Source: Kendrik 1961 [1]
Price Indexes
(1947-49 = 100)
1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 Wholesale Prices 62.9 61.9 56.1 47.4 42.1 42.8 48.7 52.0 52.5 56.1 Consumer Prices 73.3 73.3 71.4 65.0 58.4 55.3 57.2 58.7 59.3 61.4
- Source Historical Statistics[1]
Money Supply
(billions of dollars)
1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 M1 26.2 26.4 25.4 23.6 20.5 19.4 21.5 25.5 29.2 30.3 M2 46.1 46.2 45.2 41.7 34.6 30.8 33.3 38.4 42.8 45.0 High-powered money 7.1 7.1 6.9 7.3 7.8 8.2 9.1 10.7 12.2 13.4
- Source: Friedman and Schwartz [1]
Fiscal Stance
- (Full employment deficit - see the Glossary)
| 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deficit % of potential GDP | -0.5 | -1.5 | -1.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.5 | 0 | 1.0 | 1.0 | 0 | 1.0 | 2.0 | 15 | 25 |
Sources: De Long [1] and Krugman [2]
Output and Unemployment
(1935-39 = 100 and % of civilian labour force)
1929 1931 1933 1937 Industrial Production 109 75 69 112 Unemployment 3.1 16.1 25.2 13.8
- Source: Historical Statistics
Bank Failures
1930 1931 1932 1933 Percent of operating banks[2] 5.6 10.5 7.8 12.9