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Long Term Economic Growth – 1860–1965: A Statistical Compendium. Business Booms and Depressions since 1775, a chart of the past trend of price inflation, federal debt, business, national income, stocks and bond yields for the United States from 1775 to 1943. Budget of the United States Government.
Those interested in learning more about the early American economy might want to start with John J. McCusker and Russell R. Menard, The Economy of British North America, 1607–1789 (revised ed., Omohundro Institute of Early American History and Culture and University of North Carolina Press, 1991), which provides the best overview of economic ...
The 5 Best Years for GDP Growth. 1942: 18.9% 1941: 17.7% 1943: 17.0% 1936: 12.9% 1934: 10.8% The 5 Worst Years for GDP Decline. 1932: -12.9% 1946: -11.6% 1930: -8.5% 1931: -6.4% 1938: -3.3% Taking a long 90-year view of GDP growth, combined with major historical events, reveals a few interesting facts.
For example, the Census Bureau reports in Historical Statistics of the United States, Colonial Times to 1970 that the GNP in 1945 was nearly $212 billion. The GNP is calculated by summing consumer and government spending, business and residential investments, and the net value of U.S. exports (exports minus imports).
Beginning with 1790, we have divided the graph of the EPI into fourteen general economic periods (in close agreement with most historians’ division of U.S. history) so that we can take a better look at how closely the EPI reflects the events during each period that would influence the economy’s health.
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Jan 23, 2015 · Purdue Global shares the story of US economic history from 1800s to today. Immerse yourself in the events timeline of our economy.
As the United States demobilized from World War II, the decline in government spending caused a brief recession in 1945 and suppressed GDP growth for several years thereafter. However, private economic activity expanded at a brisk pace throughout this period.
