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 2 to 1940 in 8 years

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lynk2510
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PostSubject: 2 to 1940 in 8 years    2 to 1940 in 8 years  EmptySat Jun 25, 2011 10:31 pm

own on chart 1.[83]
National debt steady at 40% of GNP in New Deal years

Deficit spending had been recommended by some economists, most notably by John Maynard Keynes of Britain. The GNP was 34% higher in 1936 than in 1932 and 58% higher in 1940 on the eve of war. That is, the economy grew 58% from 1932 to 1940 in 8 years of peac
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