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Reddit mentions of Building New Deal Liberalism: The Political Economy of Public Works, 1933-1956
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The period from 1933 to 1937 remains the fastest period of peacetime growth in American history. GDP growth averaged approximately 10% per year. You can see the full range of data here. Additionally, Roosevelt's monetary policy was probably more successful than his fiscal stimulus. First, the bank holiday restored the confidence of American savers and investors more so than probably any other action. Banks were closed on March 9, 1933 and began to reopen only after thorough auditing. When the banks opened on March 12, depositors, despite the suspension of gold convertibility, began putting their money back in the banks. Within a week, $1 billion had been put back into the banking system that had fled during the runs on banks prior to Roosevelt's inauguration. On March 15, the New York Stock Exchanged opened for the first time in 10 days and the Dow jumped 15%, which was the largest single day movement in its history. By the end of the month of March, 2/3 of all banks were reopened and $1.5 billion had returned to the banks.
The second major act of monetary policy was the suspension of the gold standard. That action was overwhelmingly supported by financial and consumer markets. On the day the change was announced, the NYSE jumped 15%. Within three months, wholesale prices had risen 45%. This lowered the real cost of borrowing significantly and investment began to flow into the private sector--orders for heavy machinery rose 100%--and into consumer markets--auto sales doubled. Overall industrial production rose 50%. By early 1937, overall industrial production had returned to its 1929 peak. Unemployment, moreover, had been halved from 25% nationally in 1933 (with certain cities and demographic groups even worse off--75% of black women in Detroit were unemployed) to about 12%-14% in early 1937 (Unemployment statistics prior to 1940 are always best guesses as the Bureau of Labor Statistics didn't collect them until then).
In 1937, FDR faced a growing conservative coalition in Congress and had his own misgivings about spending and reduced relief funding which caused a minor recession. Unemployment jumped to around 17%. GDP fell slightly in 1938, but was above its 1937 levels in 1939. Had this small recession not happened, the US may have left the Depression before military spending for WWII began to pick up. As it is, the combination of war production and the draft is what wiped out unemployment by 1942. So the New Deal didn't end the Depression, but it most certainly did not make things worse and was responsible for helping millions of people. There's a reason why FDR was elected four times and the Democrats only lost control of Congress once between 1930 and 1952.
This isn't to say that the fiscal stimulus was entirely unsuccessful or wasn't important though. Indeed, the New Deal basically created the infrastructure that the modern United States thrived on in the post-War period. The political philosophy of public works was crowned by the Eisenhower Interstate Highway System, which was a direct outgrowth of the New Deal state.
Between 1933 and 1935, the Roosevelt administration spent the equivalent of $1.83 TRILLION on just two public works programs, employing about 15.5 million people directly (not counting indirect employment estimates) over the course of 1933 to 1943. I recently read a really great book which put all of the relevant statistics for the two major New Deal "stimulus packages" (they didn't use that term at the time) into a really well researched history of New Deal public works: Building New Deal Liberalism: The Political Economy of Public Works, 1933-1956, by Jason Scott Smith. This is about as concise a summary of what the New Deal built as you can get.
Now all of this is very impressive. And here's where I tell you that it was the smaller of the two major New Deal construction programs.