new doubts on wtc collapse, page-85

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    Elder,

    I did not say that the New Deal led to the Great Depression.

    My comments were:
    "...the Great Depression lasted until well into the late 1930s....The New Deal was not announced until well into 1933.....The New Deal really did not take shape until May 1933, and later....The New Deal is often credited as representing the first formative steps to the Great Depression being ended in the USA."

    My post was challenging SanFelipe's suggestion that the Empire State Building came along towards the end of the Great Depression. It did not. Indeed, the opening of the ESB preceded the formative beginnings of the New Deal by ~2 years.

    In 1929, unemployment was <5%, in 1930 <10%, in 1931 >15%, in 1932 >20%, and in 1933 ~25%.
 
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