Economic contraction ended by 1933, and had already started to dramatically reduce the downfall in 1932 (the year of the election, before FDR took office). By 1935 economic output had reached the level of 1929 again.
There was a second, smaller recession in '37/38 when government spending was contracted to quickly in an effort to eliminate budget deficits.
One of the major economic impacts of WWII on the U.S. was a period of nearly forced savings -- not many consumer goods to buy, gas ration stamps, sugar stamps, rubber rationing, etc combined with war bond drives. The combination of savings and demand for goods from having forgone broad consumer spending for so long is what in turn fueld the economic expansion of the 50s and 60s.
We're now experiencing the hangover from a period of prolonged government policies that encouraged easy credit instead of frugal savings to achieve goals.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
