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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 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]].  The New Ordeal also is sometimes refered to 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 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]].  The New Ordeal also is sometimes refered to as the '''Great Ordeal''' or simply the '''Ordeal'''.   

==Double double dip==

==Double-dip recession==

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.

During the twenty years of the New Ordeal, America experienced 2 deep 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.

In 1934 a fall of 24.1% in the DJIA began again over 9 months. Then the market took seven more months to get back up to where 1934 began.

In 1934 a fall of 24.1% in the DJIA began again over 9 months. Then the market took seven more months to get back up to where 1934 began.

1937 DJIA declined 51.8% over 56 months. There were five crash phases: (1) August to November (DJIA fell 40% in this first phase). (2) February to March 1938. (3) January to April 1939. (4) May 1940. (5) October 1941 to April 1942. Business peaked out and fell violently, simultaneously with stocks. Economic indicators bottomed out 9 months later (May 1938). The recovery began mildly at first, but was later boosted by the World War II production boom which eventually lifted the country out of the Great Depression of the 1930s. The period 1941–42 contained the longest nonstop downswing crash (7 1/2 months) in history. Certain analysts call this two separate bear markets, one from September 1937 to March 1938, and the second from May 1940 to April 1942.  

1937 DJIA declined 51.8% over 56 months. There were five crash phases: (1) August to November (DJIA fell 40% in this first phase). (2) February to March 1938. (3) January to April 1939. (4) May 1940. (5) October 1941 to April 1942. Business peaked out and fell violently, simultaneously with stocks. Economic indicators bottomed out 9 months later (May 1938). The recovery began mildly at first, but was later boosted by the World War II production boom which eventually lifted the country out of the Great Depression of the 1930s. The period 1941–42 contained the longest nonstop downswing crash (7 1/2 months) in history. Certain analysts call this two separate bear markets, one from September 1937 to March 1938, and the second from May 1940 to April 1942.  

1946 DJIA declined 24.6% over 37 months. There was only one crash phase (August–September 1946), and the bottom was hit within 4 months. But the market moved sideways for almost three years and tested the 1946 low area three times. The final time was in 1949, after which the market rose almost without interruption for the next 12 years (160 to 741 in 1961).

1946 DJIA declined 24.6% over 37 months. There was only one crash phase (August–September 1946), and the bottom was hit within 4 months. But the market moved sideways for almost three years and tested the 1946 low area three times. The final time was in 1949, after which the market rose almost without interruption for the next 12 years (160 to 741 in 1961).

During the [[Great Bear Market]] from 1929 to 1942, the [[Dow Jones Industrial Average]] (DJIA) had rallies of 48% (from November 13, 1929, to April 17, 1930), 94% (July 8, 1932, to September 7 of that year), 121% (February 27, 1933, to February 5, 1934), 127% (July 26, 1934, to March 10, 1937), 60% (March 31, 1938, to November 12 of that year), and 28% (April 8, 1939, to September 12 of that year). Yet, on April 28, 1942, the apex of the [[Malthusian catastrophe]] that was [[World War II]], the DJIA was still at only 92.92, 76% below its September 3, 1929, high of 381.17. <ref>Daniel Turov, [http://www.leithner.com.au/newsletter/issue18.htm  ''Mixed Message,''] Barron’s, 21 May 2001, quoted in the Liethner Letter, Issue 1826 June 2001, retrieved 11 June 2007.</ref>

During the Great Bear Market from 1929 to 1942, the [[Dow Jones Industrial Average]] (DJIA) had rallies of 48% (from November 13, 1929, to April 17, 1930), 94% (July 8, 1932, to September 7 of that year), 121% (February 27, 1933, to February 5, 1934), 127% (July 26, 1934, to March 10, 1937), 60% (March 31, 1938, to November 12 of that year), and 28% (April 8, 1939, to September 12 of that year). Yet, on April 28, 1942, the apex of the [[Malthusian crisis]] that was [[World War II]], the DJIA was still at only 92.92, 76% below its September 3, 1929, high of 381.17. <ref>Daniel Turov, [http://www.leithner.com.au/newsletter/issue18.htm  ''Mixed Message,''] Barron’s, 21 May 2001, quoted in the Liethner Letter, Issue 1826 June 2001, retrieved 11 June 2007.</ref>

 

 

 

 

 

==Economic planning==

==Economic planning==