Did World War 2 End The Great Depression Essay

World War II brought difficulties in the economic side of things. When the war ended, reduction in the consumption meant that less jobs for the people. Additionally, Americans’ were unemployable because of jobs not being

Following the economic boom of the 1920s, there was a period of economic depression. The United States and its citizens were greatly affected. There were many economic problems that occurred such as unemployment rate rising tremendously and many more. Herbert Hoover and Franklin D. Roosevelt were presidents during that time and dealt with the economic problems. They helped create programs to financially stabilize the country again. The Great Depression ended when the United States entered World War II.

By the looks of all the bad cases that happened during this time, it probably would have been better to have gone on without the depression. If the country would have had a stronger government with better thought processes and assistance, it could have easily been prevented. The Great Depression lasted from 1929-1939 and was a hard time for many Americans. It all started on October 29th, 1929, when the stock market crashed.

The Great Depression 1929-1942 was the economic downturn. On October 29, 1929 the stock market crashed wiping out millions out of work. The economic slowed down and then it shrinked in size. It then progressed to a recession and then to a panic. This progressed over the years and a series of bad decisions to slow down the economy into depression. Which then led to WWII.

The New Deal had a major change of the government and had to change it completely. Before the New Deal, the government didn't provide for the people or had control over the economy. After the New deal, the federal government had played a major role in the economy and providing for the people. The New Deal had caused the federal government to take care of us. They had provided people with Medicare and Social Security.

During the 1920’s America was experiencing great economic growth. As WWI was ending Americans were out of energy. For almost 100 years they had been facing the problems of sectionalism, civil war, reconstruction, imperialism, and WWI. By the end they were ready to just sit back and party. Demand sky-rocketed and brought great economic growth. Americans failed to see the great problem looming overhead though. The Great Depression was caused by a combination of factors- a natural slowdown of the business cycle, weaknesses of the 1290’s economy magnified the slowdown, the republican response failed to help, a great environmental disaster, and the collapse of the world economy all contributed to the cause of the Great

This employed Americans and brought the economy back to life. Another lackluster legacy of The New Deal was its lack of ability to deal with unemployment. The New Deal was only able to bring unemployment down to around 14% at it’s lowest point, while World War II brought this figure down to an incredible 1% (Jeffries). This statistic highlights the stark contrast between the progress made by New Deal policies and the economic achievements of World War II. The war was a perfect job creating machine. It gave a purpose to the government and companies, encouraging them to revamp industry in order to produce war goods for the allies powers. WWII was able to unite the government, workers, and companies in way not previously thought possible (Wilson). During the time of the New Deal companies and workers alike held on to their private interests. Employers were focused on making money and growing their economies, well employees were barely making ends meat for their families and were not thinking of the collective good. World War II gave everyone a purpose to rally around and allowed for an increased production of jobs. This reveals how the war aided in the end of the depression. The depression actually helped with initial wartime production as the industrial system had to be built from the ground up which was easier than complete reorganization. This in turn

Although FDR’s New Deal did not end the troubles of the Great Depression, it helped many of the people's suffering and reformed many issues that cause the economy to move in an upward

The Great Depression can be considered the true test of American resilience. Americans faced many adversities and struggled to make it through each day. The Great Depression did not begin on one single day, but was something that had been stirring for many months prior. The day of the stock market crash, October 29, 1929, everything came to head and from that day on America was thrust into a terrible economic depression which would take over 10 years to recover from (Gitlin 58). The economic depression did not occur overnight but was series of events which accumulated in the recession of the economy. Once America entered World War I, it was thrust into a time of prosperity, but as the end of war came closer so did an end to the good times (Gitlin 8). Soldiers were coming home expecting to collect the benefits of the war, which everybody else had received but instead were faced with the prospect of being unemployed and the start of the economy 's downfall. The problem was although the war was over, the mass productions still continued to flood the market. Producers continued to manufacture goods at wartime levels, leading to a surplus of products in circulation and thus forcing the prices to drop (George 14). The time after World War I became known as one of the most difficult times in American history. Many Americans were unemployed and struggled to provide for their families. But on September 1, 1939, Germany

World War I, The Great Depression, and World War II brought instability to the United States. As World War II came to an end in 1945 people were looking for stability, which is what the 1950’s resulted in. The 1950’s was a decade of conformity in all aspects of life; politics, economy, and culture.

One would say that the Great Depression is one of the darkest times in American history. The Great Depression did not only affect the United States, but also other countries who were heavily invested in the United States, such as Germany and Great Britain. Following the crash of the stock market in 1929, the level of unemployment skyrocketed and economies around the world plunged. The United States faced those dark years until about the later part of the early 1930s, when things start to head in an upward trend. Some of this success could be contributed to Franklin D. Roosevelt’s implementation of the New Deal in an attempt to restore confidence in the economy, and the political system. Ultimately, it would still take years until the world economy and especially the United States economy was anywhere near its pre stock market crash levels. The success of the New Deal was short lived when the economy started to take a turn downward in the late 1930s, because FDR could not get enough demand to successfully implement his New Deal. In 1939 there was another positive trend with the beginning of World War II. Although the New Deal helped to restore confidence in the economy and the political system, nevertheless it was the spending of World War II that ended the Great Depression, because it lowered the level of unemployment, increased productivity, and helped to boost the United States economy upward, although capitalism still survived.

In the end, it was World War II that brought us out of the Great Depression. With war at hand, the government began pumping massive amounts of money into the economy. Production and inflation increased. More jobs were available and wages rose. At the

From 1929 to 1945, two catastrophes occurred: the Great Depression and World War II. American political leaders established a cause-effect relationship between economic collapse and total war, based on these two events, which defined their policy approach in the post-war period. In the 1930s, American leadership, and most importantly, President Franklin Delano Roosevelt, came to view economic decline, political radicalization, and instability as forming a vicious cycle that led to utter chaos and war. Although FDR did not know the future consequences of the economic fallout, he did know that breaking the cycle was of systemic importance. FDR’s policy platform, known as the New Deal, disregarded the historical wariness for government intervention and boldly connected economic security to freedom. Essentially, he attempted to push the American system to its limit in order to save it. Even with conservative elements constantly attempting to restrain his initiatives, FDR expanded his focus in the latter years of the 1930s to include international affairs as war broke out in Europe, Africa, and Asia. FDR and other government elites openly talked about the responsibility America had to build a new world order.

The next major factor that contributed to the Great Depression was the reduction of goods being purchased during the time period. After the stock market crashed, consumers from

After the Great War (1914-1919) came the “Roaring Twenties” followed by the Great Depression (1929-1939). After World War I America experienced the greatest economic growth in its history. Its economic expansion was due to how undamaged it was after the war. It became the richest country in the world at that time. The people enjoyed life as it were back then until the US experienced the largest economic downturn in history when the Stock Market crashed on 29th October 1929. It began in the summer months of 1929 when the US economy began experiencing a small recession where consumers began spending less and unsold goods began piling up, thereby slowing down production. While this was happening stock prices continues to rise reaching levels that could not be justified by anticipated potential earnings. This occurred for a few months until October 24th 1929 when the stock market crashed and America faced the Great Depression a few days after on October 29th 1929 . So what were the contributing factors of the Great Depression? These include: