Changes

==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 used for the human suffering at the hands of [[government planners]] was "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> 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.

By 1937, the Government's own statistics were showing that 23.8% of the Workforce was either unemployed, or underemployed. The catch-all term applied to this group for the human suffering at the hands of [[government planners]] was "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> 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.

Many New Deal reforms were unpopular and criticized.  In 1948 President [[Harry Truman]] ran on a reformed New Deal platform called the [[Fair Deal]], which was regarded largely as an admission the New Deal had not been fair.

Many New Deal reforms were unpopular and criticized.  In 1948 President [[Harry Truman]] ran on a reformed New Deal platform called the [[Fair Deal]], which was regarded largely as an admission the New Deal had not been fair.