Changes

[[Image:29-49.gif|right|200px|thumb|Dow Jones Industrial Averages, 1929-49.]]

[[Image:29-49.gif|right|200px|thumb|Dow Jones Industrial Averages, 1929-49.]]

[[Image:115yeardowgoldratio.gif|right|200px|thumb|Dow Jones Index in constant dollars relative to the price of gold. The chart is a good reflection of living standards throughout the period.]]

[[Image:115yeardowgoldratio.gif|right|200px|thumb|Dow Jones Index in constant dollars relative to the price of gold. The chart is a good reflection of living standards throughout the period.]]

The '''New Ordeal''' is a term coined by this writer to describe the period of time between 1929 and 1949, when the American economy finally recovered from the [[Crash of '29]].  It encompasses the early stages of the [[Great Depression]] during President [[Herbert Hoover]]'s term and the four terms of  [[Franklin D. Roosevelt]], the final term having been administered mostly by his successor, President [[Harry S. Truman]].  I also sometimes refer to the New Ordeal as the '''Great Ordeal''' or simply the '''Ordeal'''.   

The '''New Ordeal''' describes the period of time between 1929 and 1949, when the American economy finally recovered from the [[Crash of '29]].  It encompasses the early statges of the [[Great Depression]] during President [[Herbert Hoover]]'s term and the four terms of  [[Franklin D. Roosevelt]], the final term having been administered mostly by his successor, President [[Harry S. Truman]].  The New Ordeal also is sometimes refered to as the '''Great Ordeal''' or simply the '''Ordeal'''.   

==Double double dip==

==Double double dip==

Record keeping and even economic definitions then were not what they are today. By using the Dow Jones Industrial Average (which is practically the only measurement available in real time that scans the entire period) the Dow did not get back to the level it was at in 1929 until 1949 (160 pts on the Dow).  Other economic indexes either did not  exist, or were developed later, often by guess work.  For example, the oft quotes unemployment rate of 25% which  peaked in 1932 is only guess work based upon observations in New York City.  No one knows what the real national figures were, or what it actually had been in places like Arkansas or Oklahoma. Gross output figures such as [[GDP]] did not exist either.

Record keeping and even economic definitions then were not what they are today. By using the Dow Jones Industrial Average (which is practically the only measurement available in real time that scans the entire period) the Dow did not get back to the level it was at in 1929 until 1949 (160 pts on the Dow).  Other economic indexes either did not  exist, or were developed later, often by guess work.  For example, the oft quotes unemployment rate of 25% which  peaked in 1932 is only guess work based upon observations in New York City.  No one knows what the real national figures were, or what it actually had been in places like Arkansas or Oklahoma. Gross output figures such as [[GDP]] did not exist either.

It was not until 1949 that [[living standards]] and peacetime [[employment]] returned to something like it was prior to 1929.  The time period I refer to as the New Ordeal is evident today throughout American cities where one can see a distinct gap in the building and construction trades that took place in the decades of the 1930's and 40's.  Little was built beyond quonset huts, tin structures with a semi-circular shape and a timber frame underneath.  And what was built was either extremely expensive, or built by the government usually for military purposes.

It was not until 1949 that [[living standards]] and peacetime [[employment]] returned to something like it was prior to 1929.  The New Ordeal is evident today throughout American cities where one can see a distinct gap in the building and construction trades that took place in the decades of the 1930's and 40's.  Little was built beyond quonset huts, tin structures with a semi-circular shape and a timber frame underneath.  And what was built was either extremely expensive, or built by the government usually for military purposes.

==References==

==References==