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.