Massive government spending for the war finally ended the depression. I've always wondered where all this money came from, if they only had a little bit to spend on relief and make-work programs before the war.
reply to post by HanzHenry
I think the history shows World War II did bring us out of the depression and the raging boom of the 50's, but wow.. talk about the way not to try and do things. lol..... If done for that reason, it's the gamble of all time. If you're wrong or misjudge? Well, it's not a crappy economy to worry about, but saluting a different flag and prison for the national leader who took the gamble.
I think the U.S. would also have come out of the depression without the War and was already starting in that direction...but it wouldn't have exploded into the Superpower it became. After all, we were a near 3rd world military in 1941. It was the war that Super-charged every industry and turned a sleepy nation into an outright industrial powerhouse. The numbers of things manufactured for the war alone are just staggering to see.
The money came from war bonds, plus not everyone was poor, don't forget some big industrialists financed the nazi's in the 1930's.