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The US government's reaction to its entry into WWII was to institute massive deficit spending, and the conscription of all able bodied young men for the war effort, thus creating a full-employment economy which was the immediate end to the Great Depression. A belief existed that another depression might occur upon the return of the young men to the labor force so a comprehensive veteran's benefit package was legislated. The logistics of the ensuing peace created a natural US trade advantage which allowed for the unfettered repayment of the war generated deficit. The liberal veteran's educational and housing benefit resulted in increased productivity and a construction boom. These forces combined to forestall any otherwise feared return to the depression.
Most historians and economists agree that the Depression did not end until the beginning of WWII.
It improved economics because the war created more jobs such as creating weaponry and manufacturing the raw materials to run a war. These new jobs were able to jump start the economy.
businesses had to make items for the war, so they made money and could employ people again. the butterfly effect, the people could pay their debts and afford food.
The war economy ended unemployment when everyone (including women) had to work in all the unfilled positions so the armament, ships and planes could be built. The wages went up and inflation did not skyrocket. So the economy stabilized.
In the US , WW2 put many back to work in factories .
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What happened before world war 2?
It was the Great Depression.
When did the Canadian Great Depression happen?
after world war 2
How did the great depression lead to world war 2?
it didnt
Was Franklin D Rooselevt successful during the Great Depression?
Franklin D. Roosevelt had created the New Deal programs to help the United States come out of there Great Depression, they helped somewhat, but it was really World War Two that brought us out of the Great Depression.
What brought the us economy out of the great depression what brought the u.s. economy out of the great depression?
Mainly, it was World War II.
What ended the Great Depression?
World War II
What came first Great Depression or world war you?
WWI was a major cause of the Great Depression.
How did World War 1 lead to the Great Depression and World War 2?
It led to the Great Depression because the U.S. was in debt to other countries
What happened before world war 2?
It was the Great Depression.
Getting out of the Great Depression?
Entering into World War 2 was the reason why we got out of the Great Depression.
When did the jazz age begin?
before world war 1 and after the Great Depression- apex
Name one president during the Great Depression and world war 2?
The president during the Great Depression and World War 2 was Franklin Roosevelt.
Did the World War I come before the Great Depression?
World War 1 lasted from 1914-1918. The great depression lasted from October 1929-1939.
What led out of the Great Depression?
World War 11
Who were Hitler and the Nazis?
the guys who wanted to help Germany get back on its feet after ww1 and the great world-wide great depression. they also started world war 2.
How did the Baby Boom help the Great Depression?
The period generally known as the Baby Boom occurred after World War II. The Great Depression occurred many years earlier. The two are unrelated.
Why did technology get the us out of the Great Depression?
Technology did not get the US out of the Great Depression. World War II is what got the United States out of the Great Depression because of all the jobs that were created with prepping for the war.
