5 ms·
1930 GDP was (at the time) $100B with NewDeal actual expenditure of $42B (42%), compared with 2019 $19T GDP and $6T COVID (~30%). There's this weird historical
by beambot 4y ago
1930 GDP was (at the time) $100B with NewDeal actual expenditure of $42B (42%), compared with 2019 $19T GDP and $6T COVID (~30%).
There's this weird historical effect represented by "Real GDP" that has the 1930s number being 10x that size (whatever that means):
https://www.statista.com/statistics/1031678/gdp-and-real-gdp-united-states-1930-2019/ https://www.statista.com/statistics/1031678/gdp-and-real-gdp...