The Great Depression: Difference between revisions
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* [[Undeniable Facts]] | * [[Undeniable Facts]] | ||
From 1929 to 1933, real output fell by about 30%. | |||
From 1929 to 1933, unemployment rose from about 3% to about 25%. | |||
From 1929 to 1933, the dollar deflated on average 10% per year. | |||
From 1929 to 1933, the money supply fell by about 30%. | |||
To put this in perspective we can look at another deflationary episode in American history. | |||
From 1973 to 1975, real output fell by about 3.4%. | |||
From 1973 to 1975, unemployment rose from around 4% to 9%. | |||
* [[Historical Overview]] | * [[Historical Overview]] | ||
Revision as of 02:16, 30 November 2006
From 1929 to 1933, real output fell by about 30%.
From 1929 to 1933, unemployment rose from about 3% to about 25%.
From 1929 to 1933, the dollar deflated on average 10% per year.
From 1929 to 1933, the money supply fell by about 30%.
To put this in perspective we can look at another deflationary episode in American history.
From 1973 to 1975, real output fell by about 3.4%.
From 1973 to 1975, unemployment rose from around 4% to 9%.
