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To: SeekAndFind
In the essay he mentions that it was not the war spending of WWII that got us out of the depression, but something else.

He neglects to mention what that is.

Do you have any ideas about this? I would be interested.

12 posted on 11/30/2009 7:43:05 PM PST by who_would_fardels_bear (These fragments I have shored against my ruins)
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To: who_would_fardels_bear
“In the essay he mentions that it was not the war spending of WWII that got us out of the depression, but something else.
He neglects to mention what that is.

Do you have any ideas about this? I would be interested.”

I’ve wondered about that also. I think FDR stopped beating up on industry during the war years. New “initiatives” and other direct interventions in the economy probably slowed or stopped during the war. In effect, the war repealed or slowed the new deal. Then the war stopped, without resumption of the new deal. If the preceding is correct, ending the new deal had the effect of ending the depression.

29 posted on 12/02/2009 10:43:38 AM PST by ChessExpert (The unemployment rate was 4.5% when Democrats took control of Congress. What is it today?)
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