These moves ended the depression on a dime. (Most people mistakenly think that the depression lasted through the 1930s until World War II so I want to be clear on what actually happened. It is correct that it took until 1936 for GDP to match its 1929 peak. But when you look at the numbers in the charts below, you can see that leaving the gold peg was the turning point; it was exactly then that all markets and economic statistics bottomed.
