The Great Depression
Date Submitted: 09/09/2004 19:24:44
Category: / Business & Economy / Economics
Length: 7 pages (1901 words)
Category: / Business & Economy / Economics
Length: 7 pages (1901 words)
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…recession, as the above chart shows.
I have been unable to find reliable economic growth figures from World War II, but as a generalization it is safe to say the economy exploded, experiencing it's greatest growth in the U.S history. Between 1940 and 1945, the GDP nearly doubled in size, form 832 billion dollars to 1559 billion dollars in constant 87 dollars. And this occurred as deficit spending soared, to levels Keynes had earlier and unsuccessfully recommended to Roosevelt.
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