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1936 Numbers
Inflation: 1.5%
CCI: N/A
Consumer Price Index: 13.9
GDP: 83.8
GDP per Capita: 539
Unemployment Rates: 16.9%
Interest Rates: 3%
Monetary Policy: Reduced Spending
Fiscal Policy: collected enough taxes in a variety of new forms to maintain relatively small deficits throughout the period -
New Deal
The New Deal was enacted in 1936, and this was a great economic event because it marked the end of the Great Depression and put more Americans into jobs. The New Deal upped the employment rate from 25% to 14%. The New Deal encouraged spending which overall impacted the economy. -
1937 Numbers
Inflation: 3.6%
CCI: N/A
Consumer Price Index: 14.4
GDP: 91.9
GDP per Capita: 579
Unemployment Rates: 14.3%
Interest Rates: 2%
Monetary Policy: The Fed then reduced the money supply again by raising reserve requirements three times in 1936 and 1937 in a misguided attempt to prevent inflation by soaking
up excess reserves
Fiscal Policy: collected enough taxes in a variety of new forms to maintain relatively small deficits throughout the period -
Spending Cuts
During this time, the government made spending cuts because of the war. The United States was producing more than they were spending because people needed war supplies. This impacted the economy because people weren't spending so the economy wasn't flowing, but since the United States was producing more goods they could sell more and overall impact how much money the United States has. -
Minimum Wage
This impacts the economy because all people would have to get paid the same amount for the work that they do. This encouraged people to work. It encouraged people to work because they knew that they were getting fair pay. -
1938 Numbers
Inflation: -2.1%
CCI: N/A
Consumer Price Index: 14.1
GDP: 86.1
GDP per Capita: 531
Unemployment Rates: 19.0%
Interest Rates: .5%
Monetary Policy: The Fed then reduced the money supply again by raising reserve requirements three times in 1936 and 1937 in a misguided attempt to prevent inflation by soaking
up excess reserves
Fiscal Policy: collected enough taxes in a variety of new forms to maintain relatively small deficits throughout the period -
Drought Ended
The drought ending impacted the economy because people could now start producing the goods that they were producing before. They could sell more and make an impact on how much money the United States has. -
1939 Numbers
Inflation: -1.4%
CCI: N/A
Consumer Price Index: 13.9
GDP: 92.2
GDP per Capita: 561
Unemployment Rates: 17.2%
Interest Rates: -2%
Monetary Policy: Increased spending
Fiscal Policy: collected enough taxes in a variety of new forms to maintain relatively small deficits throughout the period -
United States Draft
The United States draft impacted the economy because it made people go out of work because they were going to war. However, during the war, the women stepped up to take the jobs of the men, making the United States still produce wartime supplies. -
1940 Numbers
Inflation: 0.7%
CCI: N/A
Consumer Price Index: 14.0
GDP: 101.4
GDP per Capita: 600
Unemployment Rates: 14.6%
Interest Rates: -.5
Monetary Policy: Increased spending
Fiscal Policy: collected enough taxes in a variety of new forms to maintain relatively small deficits throughout the period -
Pearl Harbor
Pearl Harbor impacted the economy because of how much the United States needed to spend on the recovery of it. -
1941 Numbers
Inflation: 5.0%
CCI: N/A
Consumer Price Index: 14.7
GDP: 126.7
GDP per Capita: 730
Unemployment Rates: 9.9%
Interest Rates: 0%
Monetary Policy: Increased spending
Fiscal Policy: collected enough taxes in a variety of new forms to maintain relatively small deficits throughout the period
