Changes

==Double double dip==

==Double double dip==

During the twenty years of the New Ordeal, America experienced 2 double dip recessions, or essentially a second depression within the [[Great Depression]], and [[World War II]], a calamity that claimed the lives of 55 million people worldwide.  Many of the nations involved in the World War II resorted to "economic planning", as Economist [[Friedrich Hayek]] refered to it, to address the so-called "crisis in capitalism" in the 1930s.

During the twenty years of the New Ordeal, America experienced 2 double dip recessions, or essentially a second depression within the [[Great Depression]], and [[World War II]], a calamity that claimed the lives of 55 million people worldwide.  Many of the nations involved in World War II resorted to "economic planning", as Economist [[Friedrich Hayek]] refered to it, to address the so-called "crisis in capitalism" in the 1930s.

The 1929-1949 recession had within it a recession from 1937-1943; 1933 to 1937 were recovery years stimulated by the New Deal government spending. However by 1937 the nation had nowhere near recovered to where it was in 1929. Manufacturing demand stimulated by WWII led to the 1943-1949 recovery, where finally, in 1949, the New York Stock Exchange recovered to the level it had been at 1929.

The 1929-1949 recession had within it a recession from 1937-1943; 1933 to 1937 were recovery years stimulated by the New Deal government spending. However by 1937 the nation had nowhere near recovered to where it was in 1929. Manufacturing demand stimulated by WWII led to the 1943-1949 recovery, where finally, in 1949, the New York Stock Exchange recovered to the level it had been at 1929.