Public welfare expenditures exceeded 25 percent of GDP at the height of the Great Depression in 1934.

Name: Public welfare expenditures exceeded 25 percent of GDP at the height of the Great Depression in 1934.
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During the Great Depression, particularly in 1934, public welfare expenditures were significantly lower than 25 percent of GDP. The New Deal programs increased government spending, but it did not reach such a high percentage of GDP.

Public Welfare Expenditures Exceeded 25 Percent of GDP at the Height