How Did Statistics Establish A Rise In GDP During World War II?

In dealing with the economic depression of the 1930s, it is my opinion that the recovery of Britain was mainly due to the stages of rearmament in the run-up to the Second World War. This is not to say, however, that the National Government failed to combat the rises in unemployment, reaching a peak of three million, and the ruined staple industries, they implemented several policies to reboot the economy and lessen the impact on the people.

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

World War II is a great example of how war helped the US strengthen their economy because ending the policy of isolationism and joining the war ended the Depression. In the 1940’s, when the US was isolated from the rest of the world due to the Great Depression,

After World War Two the American economy was on the rise due to the outcome of the war.

This research leads to the belief that the war spending in WW2 is what brought this country out of this depression. At the time of the war, over 11 million of United States population joined the military. Once the 11 million

The American economy thrived tremendously after World War II. During this time, more families were able to be considered middle class, thus enhancing our economy. It gave opportunities for families to move up economic classes in order to improve their wealth. The distribution of wealth evened out because of this concept. The programs and situations that concern to expanding the economy were the defeat of Japan and Germany, Baby Boom, GI Bill, Levittown, and Interstates. Furthermore, the programs and situations that concern to wealth distribution were Baby Boom, GI Bill, Levittown, Unions, and Interstates.

After World War II, society experienced many changes due to economic growth. The reason for the rise in the economy is "… the developments in technology, methods of production, communication, and transportation..." (Background; lines 1-2). These changes "… led to far more goods and services for many people..." (Background; Lines 10-11).

Jobs were created for those to create military planes, tanks, ships, and guns but the GDP didn't reflect the on the standard of living for the citizens and supplies for the war wouldn't be considered economic goods or services so this mistake ultimately lead to misinterpreted analysis of the statistics at the time. According to statistics in Sheldon Richman's journal "The Consequences of World War II" the productivity of industry went up to 96% and the economy grew 11-12% per year. During the war, the U.S was very conservative as they used old supplies and turned it into new supplies which they could use during war such as turning old vacuum cleaner parts into gas masks and the U.S became the only nation with an increase in the amount of consumer goods. Its safe to say that the U.S experienced its hardships before the war and they mitigated during the war but the U.S escaped these economic hardships when the war was finally over. The end of the war lead to the growth of industry in the south and the wages of workers in the south boomed and it lead to the rise of metropolitan areas like Atlanta and

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

Between 1945 and 1970 the GDP measured in consistent dollar amounts just about doubled. The raise of economic prosperity would continue to raise the income of most. The result? A generation that had experienced the deprivation of the 1930’s and rationing of wartime would find themselves’

When the war began, Americans were struggling financially and emotionally. They wished for the prosperity of the “roaring 1920s.” After the war, their vision for the world was completely revived (Winkler). World War II successfully ended the Great Depression in a threefold process: starting a period of Keynesian economics, bringing seventeen million jobs to America, and boosting morale within the population. After the Nazi invasion of Poland and the Blitzkrieg (an intense military strategy intended to bring about a quick victory) against Belgium, Holland, and France during the spring of 1940, military spending skyrocketed and reached seventy-five million dollars a day by December 1941. “Within two years

In the economic aspect, the war ended the Great Depression. (Winkler,1986) In 1940, money was being spent to aid the war effort and in return boosted the American economy. (Winkler,1986) The production of war necessities such as weapons opened up door for the unemployed. (Winkler,1986) Millions of unemployed Americans returned to work to make the weapons of war needed to protect the United States. (Winkler,1986) “During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled.” (Goodwin,1992) War needs directly consumed over one-third of the output of industry causing a slight decrease in consumer goods production. (Goodwin,1992) U.S economy converted to wartime production therefore most consumer goods were

Those who claim that WWII did not end the Great Depression need only read my earlier statement, the Great Depression ended at the end of WWII, not the beginning. Certainly, FDR foresaw a potential for another economic collapse and cut taxes and federal spending was paramount to ending any resurgence of the depression. Nevertheless, the advent of the Marshall Plan, and the rebuilding of Europe and areas in the Far East after World War II established America as a global provider of goods and services, and set the stage for America to become an industrial power like the world had never seen before or

The article explains two different beliefs on how/when the Great Depression ended. One common belief was that the war, WWII, marked the ending of the Great Depression; the other belief was that the war only postponed the country's recovery. The war had provided 12 million people with jobs which took care of one of the most important obstacles. On the other hand, the war put the U.S. in an even great debt. People say that they traded debt for unemployment; meaning they now have jobs, but they now have debt. Later on, FDR wanted to provide the people with his New Deal revival, but he then died. Harry Truman then helped carry on the New Deal revival but the people refused it because they thought it would fail just like FDR’s first New Deal. The

World War II brought the US out of this period of slow growth. The military needed tanks, planes, guns, and everything else needed for the war effort. People were either back to work or overseas fighting. Production and growth rates reached new highs.