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The recession of 1937–1938 was an economic downturn that occurred during the Great Depression in the United States. By the spring of 1937, production, profits, and wages had regained their early 1929 levels. Unemployment remained high, but it was substantially lower than the 25% rate seen in 1933.
Economic historians led by Price Fishback have examined the impact of New Deal spending on improving health conditions in the 114 largest cities, 1929–1937. They estimated that every additional $153,000 in relief spending (in 1935 dollars, or $1.95 million in year 2000 dollars) was associated with a reduction of one infant death, one suicide ...
The recession of 1937–1938, which slowed down economic recovery from the Great Depression, is explained by fears of the population that the moderate tightening of the monetary and fiscal policy in 1937 were first steps to a restoration of the pre-1933 policy regime. [110]
Economic historians led by Price Fishback have examined the impact of New Deal spending on improving health conditions in the 114 largest cities, 1929–1937. They estimated that every additional $153,000 in relief spending (in 1935 dollars, or $1.95 million in the year 2000 dollars) was associated with a reduction of one infant death, one ...
A small economic expansion within the depression began in 1933, with gold inflow expanding the money supply and improving expectations; the expansion would end in 1937. The ultimate recovery, which would occur with the start of World War II in 1940, was credited to monetary policy and monetary expansion. [57] Recession of 1937–1938: May 1937 –
When Queen Elizabeth II of England asks a question, she gets answers.During a visit to the London School of Economics in November, the queen asked "How come nobody could forsee it? -- meaning ...
1.1 Federal government. 1.2 Governors. 1.3 Lieutenant ... Hugh R. Adair (political party unknown) (starting month and day ... Recession of 1937–1938 (1937–1938 ...
Hoover believed in stimulus spending and encouraged state and local governments, as well as the federal government, to spend heavily on public buildings, roads, bridges—and, most famously, the Hoover Dam on the Colorado River. But with tax revenues falling fast, the states and localities plunged into their own fiscal crises.