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→Crash of 1937: cite
==Crash of 1937==
==Crash of 1937==
By 1937, the Government's own statistics were showing that 23.8% of the Workforce was either unemployed, or underemployed. The term for the human suffering at the hands of [[government planners]] was "wastage." According to the Brain Trusters own statistics, of "100 Per Cent Manpower," 23.8 were "Per Cent Wastage." <ref>Rupert B. Vance; Nadia Danilevski, Population and the Pattern of Unemployment, 1930-1937, The Milbank Memorial Fund Quarterly, Vol. 18, No. 1. (Jan., 1940), pp. 27-43.</ref> After four years of "government solutions," contemporaneous reports were stating "much of the unemployment in 1937 was due to a decrease in the number of jobs available." <ref>Vance and Danilevski, Population and the Pattern of Unemployment, 1930-1937.</ref>
By 1937, the Government's own statistics were showing that 23.8% of the Workforce was either unemployed, or underemployed. The term for the human suffering at the hands of [[government planners]] was "wastage." According to the Brain Trusters own statistics, of "100 Per Cent Manpower," 23.8 were "Per Cent Wastage." <ref>''Population and the Pattern of Unemployment, 1930-1937'', Rupert B. Vance and Nadia Danilevski, The Milbank Memorial Fund Quarterly, Vol. 18, No. 1. (Jan., 1940), pp. 27-43.</ref> After four years of "government solutions," contemporaneous reports were stating "much of the unemployment in 1937 was due to a decrease in the number of jobs available." <ref>''Population and the Pattern of Unemployment, 1930-1937'' Vance and Danilevski.</ref>
The 1937 - 1943 Depression was longer in duration than the 1929 - 1932 crash, the result of massive government intrusion into the private economy which stunted growth. 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 1937 - 1943 Depression was longer in duration than the 1929 - 1932 crash, the result of massive government intrusion into the private economy which stunted growth. 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.