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March 3, 2010 Graph of the Day for March 3, 2010
"The view of a minimalist federal government during the eighteenth and nineteenth centuries was likely based on a strict interpretation of the Constitution... The government expanded in the 1930s for two reasons: First, its source of funds had increased with passage of the Sixteenth Amendment.... The second reason was a national ideological shift toward greater government. This shift was reflected by, and perhaps motivated by, the writings of Karl Marx and Henry George in the mid-1800s and later by women's increased participation in the electoral process."
Thomas A. Garrett et al, in Institutions and Government Growth: A Comparison of the 1890s and the 1930s, St. Louis Federal Reserve review article, 2010. 
Source: Thomas A. Garrett et al, St. Louis Federal Reserve. Hoven's Index for March 3, 2010 Per capita real (inflation adjusted) annual federal government spending: From 1792 to 1929: $125 In 1930: $250 In 2007: $9,200 Federal government spending as % of GDP in 1929: 3% In 2009: 24% Federal income taxes (as % of individual income) in 1912: 0% In 1913: 1% to 7% In 1932: 4% to 63% Source: Thomas A. Garrett et al, St. Louis Federal Reserve. Graph of the Day Archive. |
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