What Ended the Depression?

Posted on February 28, 2008 | 5 Comments

Paul Krugman writes:

The fact is that war is, in general, expansionary for the economy, at least in the short run. World War II, remember, ended the Great Depression.

Of course, the evidence is quite to the contrary.

This entry was posted in Economic News, Politics and tagged , . Bookmark the permalink.

5 Responses to What Ended the Depression?

  1. ongreedandpower | February 28, 2008 at 2:28 pm | Reply

    when people say that WWII ended the great depression I always wonder what their reasoning is. The only way a war can boost the economy is if the federal government spends a bunch of money to supply the war, so in fact it would be increased spending by the federal government that boosts the economy.

  2. Craig | February 28, 2008 at 6:33 pm | Reply

    Sure wish I could read the evidence at the link.

  3. Tipton | March 1, 2008 at 5:21 am | Reply

    Please put up the author and article title.

  4. Tejvan Pettinger | March 5, 2008 at 7:37 am | Reply

    I agree with Krugman. I couldn’t read the arguments to the contrary (requires log in. – would be interested to hear them)

  5. j | September 21, 2008 at 8:26 pm | Reply

    the reason the war ended the depression was people cold inlist but also the damand for guns and other war machinery was high so factories had to employ alot of people to match this work load

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out / Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out / Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out / Change )

Cancel

Connecting to %s