Changes

Deficits held relatively constant throughout the 1930s at about 40% of the GDP.<ref>Economists at the time used GNP (gross national product) and today they prefer GDP (gross domestic product). For the US, GNP and GDP are almost the same.</ref>

Deficits held relatively constant throughout the 1930s at about 40% of the GDP.<ref>Economists at the time used GNP (gross national product) and today they prefer GDP (gross domestic product). For the US, GNP and GDP are almost the same.</ref>

===Claims the New Deal adopted or resembled Fascist economic models===

===Fascism and New Deal===

{{See also|Fascism and the New Deal}}

{{See also|Fascism and the New Deal}}

The term "fascism" in the 21st century has very strong connotations of mass murder and death camps, however, in the 1930s it meant the [[planned economy]] and [[corporativism]] exemplified by the economic plans of Benito Mussolini in Italy. And, comparisons have been made between the economic systems of Fascist Italy and the New Deal programs. Communists, classical liberals, conservatives, and [[Herbert Hoover]] used the term fascism in that manner at that time. Likewise, modern-day [[paleoconservatives]] argue that the New Deal was a major milestone in the rise of America's [[managerial state]].

The term "fascism" in the 21st century has very strong connotations of mass murder and death camps, however, in the 1930s it meant the [[planned economy]] and [[corporativism]] exemplified by the economic plans of Benito Mussolini in Italy. And, comparisons have been made between the economic systems of Fascist Italy and the New Deal programs. Communists, classical liberals, conservatives, and [[Herbert Hoover]] used the term fascism in that manner at that time. Likewise, modern-day [[paleoconservatives]] argue that the New Deal was a major milestone in the rise of America's [[managerial state]].