8  BEA plus 3 percent trend line starting in 1929. See “Table 1.2. Chain-Type Quantity Indexes for Net Stock of Fixed Assets and Consumer Durable Goods” in Section 1 of the Fixed Assets Accounts Tables in the BEA National Data.
Data are from line 2, “Fixed Assets.”  2  BIS central bankers’ speeches  could have engaged in the same increased production, without the results of that increased production ever being used in the act of war. Second, the recoveries persisted well after the end of the war (and indeed proved to be essentially permanent).