Originally Posted by aceventura3

In 1930 the US was spending 1.5 billion on defense by 1941 the amount was $7.2 billion. According to your chart industrial production reached a peaked in about 1930, reached another in about 1937 and then dropped below the 1930 peak. We did not permanently pass the 1930 peak until late in 1939. That is pretty close to a decade, and that decade concluded with a global build up and the start of WWII.

We clearly can look at the same data and come to very different conclusions. However, I think those mythical "most historians" and "most economists" agree with me.