US early 20th century photographs (part 14)
103 jpg | up to 4000*3192 | HQ & UHQ | 101.34 Mb
103 jpg | up to 4000*3192 | HQ & UHQ | 101.34 Mb
This is the fourteenth part of the collection images of urban life captured on glass plate negatives early 20th century. There are mainly pictures 1941-1943 period.
It was not until the administration expanded Federal spending to support World War II, that the nation's economy fully recovered. Between 1939 and 1944 (the peak of wartime production), the nation's output almost doubled. Consequently, unemployment plummeted—from 14% in 1940 to less than 2% in 1943, as the labor force grew by ten million.
The war economy was not so much a triumph of free enterprise as the result of government bankrolling business. While unemployment remained high throughout the New Deal years, consumption, investment, and net exports—the pillars of economic growth—remained low. It was World War II, not the New Deal, which finally ended the crisis. Nor did the New Deal substantially alter the distribution of power within American society and economy; and it had only a small impact on the distribution of wealth among the population..