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''' 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]] had been elected to, 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 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==

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 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.

==Recording keeping & construction trades==

==Recording keeping & construction trades==