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→Economic growth
===Economic growth===
===Economic growth===
New capital made available for investment amounted to $348,000,000 in 1935. This was less than 1/10th of the amount available in 1929. By contrast, the British economy had nearly recovered to its 1929 levels by 1935, and the amount available for investment was almost twice as much as the United States.
New capital made available for investment amounted to $348,000,000 in 1935. This was less than 1/10th of the amount available in 1929. By contrast, the British economy had nearly recovered to its 1929 levels by 1935, and the amount available for investment was almost twice as much as the United States. This is mostly because of President [[Hoover]]'s failed response to the crisis. The economy had grown 3x the level it was at the time of FDR's inauguration by 1935.
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{| style="background:white; color:blue" border="1" class="wikitable"