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http://economics-charts.com/gdp/gdp-1929-2004.html#table http://economics-charts.com/gdp/gdp-1929-2004.html#table The New Deal had already kickstarted the econ
by Amezarak 11y ago
http://economics-charts.com/gdp/gdp-1929-2004.html#table http://economics-charts.com/gdp/gdp-1929-2004.html#table
The New Deal had already kickstarted the economy by the time WWII rolled around - although obviously WWII served as an even larger public works and employment program. (The government did, however, have wage and price controls for many decades after the Great Depression.)
As you can see in the chart, GDP had already doubled by 1941, returning to pre-Depression levels, with New Deal programs beginning in 1933. You can see that WWII again nearly doubled GDP from 1941 to 1945.
- AnimalMuppet 11y agoOK, but Europe was at war starting in 1939, and was trying to buy all kinds of stuff from the US. That's still WWII kickstarting the US economy, even though the US wasn't in the war yet.
- Amezarak 11y agoThe very same table I linked showed that story doesn't make sense. Look at the exports column. Nothing to write home about until after 1945. Definitely not an impact remotely comparable to the huge increase in government spending.