Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Billions of Dollars, Not Seasonally Adjusted

Frequency:  Monthly

Notes:

Series Is Presented Here As Three Variables--(1)--Original Data, 1919-1941 (2)--Original Data, 1939-1945 (3)--Seasonally Adjusted Data, 1946-1965. Data Refer To Billions Of Dollars At An Annual Rate; Data Were Multiplied By A Factor Of 12. Data Were Computed By NBER From Monthly Data In The Journal Of Commerce (Its Data Include Semi-Private And Closed Corporation And Exclude Financial Corporations Before May 1934; From May 1934 It Excludes The Former And Includes The Latter). Data Were Adjusted To Level Of Annual Estimates Made By Ebersole, Burr & Peterson In"Income Forecasting By The Use Of Statistics Of Income Data" (Review Of Economic Statistics, November, 1929) For 1919-1921 And From Annual Data 1922-1941 Of"Statistics Of Income," U.S. Department Of Treasury. Source: For 1919-1941: Data Computed By NBER; For 1939-1941: Office Of Business Economics, Unpublished Tables.

This NBER data series m08238a appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html.

NBER Indicator: m08238a