Real GDP (which is inflation-adjusted) in 1930 was somewhere around $800 billion. Also: the new established government programs that continued to run for decades, and even up to this day. The conservative movement of the 60s was still mad as hell at the new deal because tons of money was still being spent on it. You still have Forbes running articles talking about how "we still haven't paid off the new deal"
Now adjust those numbers for GDP, not just inflation.
Real GDP (which is inflation-adjusted) in 1930 was somewhere around $800 billion. Also: the new established government programs that continued to run for decades, and even up to this day. The conservative movement of the 60s was still mad as hell at the new deal because tons of money was still being spent on it. You still have Forbes running articles talking about how "we still haven't paid off the new deal"