Living Conditions improved for farmers
Their average income almost doubled by 1937
The NRA helped boost industrial production
Unemployment really dropped from 24.9% to 14.3% at the end of Roosevelt's first term
The US Reached full employment in December 1941 after entering WW2
Real wages rose 44% in the first 4 years of the war, and the percentage of families with an annual income of <$2000 fell from 75% to 25%
Cole and Ohanian at UCLA argue that the New Deal prolonged the Great Depression by 7 years
The Cole and Ohanian model is flawed.
Cole and Ohanian address the effects of job search friction in their appendix
WPA wages were lower than private sector wages
The Federal Reserve kept the US in the Great Depression by not increasing the money supply
I wasn't actually the author of this Diagram. I imported it from a tester.--Eric
The earth`s climate can be expected to warm by more than .5 degree C by 2100
This Needs Proof. Please Add a Proof If You Know of One. Thanks.