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Sunday April 11, 2021 
developed by Christopher Chantrill
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Herbert Hoover

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71st Congress

James E. Watson

Nicholas Longworth

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Smoot-Hawley Tariff Act

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1930 US House Elections

1930 US Senate Elections

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Letting the Banks Fail

The Tariff Act of 1930


US Gross Domestic Product 1916-1930

Click to see or download numbers. Click to change chart

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Chart Size: By default, the chart is displayed at medium size. But you can use the dropdown control to change the size.
Color: By default charts are displayed with color data lines and fill. You can change this to grayscale if you want.

<< -10yr   Year Range  +10yr >>

Start Year: You can select any start year you want using the dropdown control in the table heading. At the top and bottom of the dropdown only years ending in “0” are shown. Select a start year to get close, then select the start year you want.
End Year: You can select any end year you want using the dropdown control in the table heading. At the top and bottom of the dropdown only years ending in “0” are shown. Select an end year to get close, then select the end year you want.

If you’d like to create your own custom chart, you should use the table above to make your selections.

  • Select the year range: Select the start year and the end year you want by selecting the years you want in the two year dropdown boxes.
  • Select chart item: .

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Copy and Paste: Here is the dataset you have just charted. The table also includes nominal or chained GDP for each year charted. If you’d like the data for analysis, just copy the tab-delimited text in the textbox below (click cursor in text box, then press ctrl-A then press ctrl-C) and paste it into your spreadsheet.

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Below is a formatted version of the dataset displayed in the chart. Included is a column of nominal or chained GDP for each year charted.

US Gross Domestic Product
Years 1916 to 1930
Year
191650.117
191760.278
191876.567
191979.09
192089.246
192174.314
192274.14
192386.238
192487.786
192591.449
192697.885
192796.466
192898.305
1929104.6
193092.2

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1929-1939: “A Decade that will live — in stupidity.”

Why Stuck on Stupid?

Seventy years ago the leaders of both US political parties turned away from the policies that had created an economic powerhouse we call the Roaring Twenties. For ten long years Americans suffered through wrenching economic dislocations: deflation, inflation, a four-year economic contraction, endless unemployment, mindless political experiments, and ruthless attacks on businessmen for political gain as their leaders stayed Stuck on Stupid.

Today, after a twenty-five year economic boom, Americans are once more faced with a political elite that wants to monkey with success. It wants to raise tax rates. It wants to restrict trade. It wants to increase government power.

It’s time to look back and remind ourselves how it came to be, starting in 1929, that America got itself Stuck on Stupid. Otherwise it could happen again.

 — Christopher Chantrill

 

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