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monmouth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-03-09 04:50 PM
Original message
Interesting Stats from 1940..
Received this in an e-mail re "The Year You Were Born"..



Federal spending: $9.47 billion
Federal debt: $50.7 billion
Consumer Price Index: 14
Unemployment: 14.6%
Cost of a first-class stamp: $0.03

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Traveling_Home Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-03-09 05:09 PM
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1. Unemployment that high? nt
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-03-09 05:11 PM
Response to Reply #1
2. Yes, it was the tail end of the Depression and on the way down
from 1938
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demosincebirth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-03-09 06:23 PM
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3. Bubble gum was 2 for a penny
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-03-09 06:34 PM
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4. Here is an enlightening article I found while googling your email's stats.
The Forgotten Math: Pre-WWII New Deal Saw Biggest Drop In Unemployment Rate In American History by David Sirota

... the latest consevative talking point {FDR's New Deal "prolonged the Great Depression"} - one specifically aimed at stopping President Obama and the new Congress from passing a New Deal-sized package of public spending.

<snip>

{from charts at article}

ROOSEVELT PRE-WWII NEW DEAL
1932 Unemployment Rate: 23.6% (12.8 million total unemployed)
1940 Unemployment Rate: 14.6% (8.1 million total unemployed)
Unemployment Rate Change: -9.0
Total unemployment percentage change: -36.7%

ROOSEVELT WWII
1941 Unemployment Rate: 9.9% (5.5 million total unemployed)
1944 Unemployment Rate: 1.2% (670,000 total unemployed)
Unemployment Rate Change: -8.7
Total unemployment percentage change: -87.9%

<snip>

As you can see, in terms of the unemployment rate - that is, the percentage of the total workforce not working - the pre-WWII New Deal era saw the single largest drop in American history. Yes, I'll say that again for conservatives, just to make sure they get it: The PRE-WWII New Deal era from 1933-1940 - not the WWII era - saw the largest drop in the unemployment rate in American history. And by the way, that even includes the recession of 1937-1938. (emphasis in original)


Yeah, I went political on your birth-year stats. Sorry. Stuck in curmudgeon.





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monmouth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-04-09 10:38 AM
Response to Reply #4
6. Love it, thanks. WWII was on its way also, as far as the US was concerned.
I remember as a toddler wondering why my Uncle Ray had that new "suit" on and everyone was acting strange.
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FBaggins Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-04-09 10:41 AM
Response to Reply #4
7. Going from 9.9% unemployment to 1.2% is FAR more impressive
than 23.6% dropping to 14.6%
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damntexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-03-09 10:28 PM
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5. And the first-class stamp stayed at 3 cents well into the 1950s.
But unemployment came down after December 7, 1941 -- while spending and debt went up. And wages and prices were controlled.

;-)
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