Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Wasn't the economy doing so so before WWII? I know it wasn't as bad as it was in the early thirties. I will agree though that WWII definitely put the Depression behind us for good.
Things were getting better until 1937 when, as recently Paul Krugman reminded George Will, Roosevelt attempted to balance the budget by cutting spending which sent the economy downward until the onset of WWII, which of course saw massive influx of government spending which stimulated full industrial employment. I might add that all of those new wages earners had very little to buy during the war years due to rationing of materials so that when the war did ended, there was an ample supply of money in the hands of consumers to fuel the conversion of war time industry to consumer products.
WWII ended it and then the recovery was helped along by the fact that America was the only industrial power not left in ruins and thus much of the world's goods had to be purchased from the United States.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.