World War II and recovery
The common view among economic historians is that the Great Depression ended with the advent of World War II.
In the US, massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending the Depression.
What ended the Great Depression?
How could the Great Depression have been solved?
The Depression was actually ended, and prosperity restored, by the sharp reductions in spending, taxes and regulation at the end of World War II, exactly contrary to the analysis of Keynesian so-called economists. True, unemployment did decline at the start of World War II.
How did America recover from the Great Depression?
On the surface, World War II seems to mark the end of the Great Depression. During the war, more than 12 million Americans were sent into the military, and a similar number toiled in defense-related jobs. Those war jobs seemingly took care of the 17 million unemployed in 1939. We merely traded debt for unemployment.
How long did the Great Depression last?
The Great Depression was a worldwide economic depression that lasted 10 years. It began on “Black Thursday,” October 24, 1929. Over the next four days, stock prices fell 22% in the stock market crash of 1929.