This short column succinctly summarizes the U.S income figures that were collected by of the U.S. Department of Commerce and published in June of 1937. The report stated that
“The total income produced in the country last year amounted to $63,800000 as compared to $55,000,000 in 1935. The figure was an increase over the depression low point in 1932 of about $25,000,000, but was still some 20 percent below the 1929 income level.”
As 1936 came to an end, unemployment was 15.3% (It was 21.3% during the Summer of 1935).
The following year would not be quite as rosy: six months into 1937 a recession would hit, lasting well into 1938. The growing sense of confidence and hope that had been slowly building since 1933 would begin to recede.
Click here to read about the economic disaster that 1937 was
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