Monday, March 16, 2009

Not a Good Picture

The 1930s were different from today in many ways. But its hard to see those differences in this chart of monthly industrial production.

Industry is a smaller share of our economy now than then.

[JJM asked: how low did it go? A. 48.1, in July 1932]

1 comment:

jjm said...

So what happened to IP after 1930? I think I would need to see more context before I jump out my window!