Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Forgotten Amendments

The depression ended a couple of years after the war


The common view among economic historians is that the Great Depression ended with the advent of World War II. Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery. It did help in reducing unemployment.[11][101][102][103]

When the United States entered into the war in 1941, it finally eliminated the last effects from the Great Depression and brought the U.S. unemployment rate down below 10%.[105] In the U.S., massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending the Depression.

https://en.wikipedia.org/wiki/Great_Depression#World_War_II_and_recovery


43 posted on 09/12/2017 12:28:21 PM PDT by sparklite2 (I'm less interested in the rights I have than the liberties I can take.)
[ Post Reply | Private Reply | To 38 | View Replies ]


To: sparklite2

If you define depression by unemployment rates, yes, WWII ended it.

But living standards DECLINED during the war. What good is lower unemployment if you can’t buy things, travel, etc.? That’s Soviet economics. The USSR & Cuba bragged about their full employment.


51 posted on 09/12/2017 12:45:27 PM PDT by Forgotten Amendments (Nessie ... Sasquatch ... The Free Syrian Army ...)
[ Post Reply | Private Reply | To 43 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson