The reactionary argument against the New Deal amounts to the claim that if Herbert Hoover had been re elected in 1932 the United States would have recovered earlier from the Great Depression. Obviously we cannot go back in time and engineer that re election. Nevertheless, we can see what the situation was like in 1932, and how things changed later. I will use as economic guide posts the years 1932, 1940, and 1944.
1932 was Hoover's last year in office. The unemployment rate was 23.6%. The per capita gross domestic product (GDP) in 1996 dollars was $4,901. The top tax rate was 63.0%. (The previous year it had been 25%.)
In 1940 Roosevelt was re elected for the second time. Unemployment had declined to 14.6%. The per capita GDP in 1996 dollars had grown to $7,423. The top tax rate had grown to 81.0%.
In 1944 Roosevelt was re elected for the third time. Unemployment had declined to 1.2%. The per capita GDP in 1996 dollars had grown to $12,380. The top tax rate had grown to 94.0%.
Find information and statistics about the overall unemployment rate in the United States from 1920 to 2013.
www.infoplease.com
www.singularity.com
https://www.irs.gov/pub/irs-soi/02inpetr.pdf
Reactionaries have argued that it was not the New Deal, but the the Second World War that ended the Great Depression. I would like to remind them that military spending and employment is government spending and employment. During the Roosevelt administration we taxed and spent our way to prosperity.