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To: ksen
By all means, look this up. But after taking inflation and population into account, the real GDP for the following decades are:

1940s: 5.6%
1950s: 4.1%
1960s: 4.4%
1970s: 3.2%

That kind of growth for 40 years wasn't seen before and hasn't been seen since. It can be argued that several other factors besides farm mechanization were at play, but what can't be argued is that leaving half the people who lost their jobs to farm mechanization “in the wind” was detrimental.

54 posted on 01/15/2013 11:12:04 AM PST by youngidiot (God help us.)
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To: youngidiot
By all means, look this up. But after taking inflation and population into account, the real GDP for the following decades are:

1940s: 5.6%
1950s: 4.1%
1960s: 4.4%
1970s: 3.2%

http://www.intellectualtakeout.org/library/chart-graph/us-government-spending-percent-gdp

Hmmm, what started going up sharply in the 1940s?

60 posted on 01/15/2013 11:29:28 AM PST by ksen
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