How did World War 2 bring the U.S. out of depression?
Website #1: How Did WW2 End The Great Depression
|
This website is credible because...
|
My Findings!
Website #1
The website that I used mainly focused on the issue of how the Great Depression started. For example of how it started, (or how some people think it started), "The primary cause of the Great Depression, was the war of 1914–1918.” (Website #1). This piece of evidence showed that this moment and of course other moments in history's outcome have changed the U.S. and showed the consequences throughout our history. There were many other events before WW2 that caused the Great Depression to worsen due to more wars, money being spend on warfare material, and war damage cost. "due allowance has been made for the effects of the American stock market’s “Great Crash” in 1929 and for the policies of the United States Federal Reserve System, there can be little doubt that the deepest roots of the crisis lay in the several chronic infirmities that World War I had inflicted on the international political and economic order" (Website #1). This quote from the website focused on the fact that during wars and hardships, they still tried to industrialize the world. Making it harder and harder for civilians to become available. "All of this added up to a witches’ brew of economic illness, ideological paralysis, and consequent political incapacity as the Depression relentlessly enveloped the globe" (Website #1). In conclusion to why the U.S. was pulled into the Great Depression, was due to economic illnesses, constantly wanting to industrialized the world when there wasn't enough money to do so and people weren't as available to. The fact that when all of this was going on, dictators, presidents, rulers, whatever, didn't really care about the fact that a huge majority of their country was not okay due to these things, because all of their worries and focuses where on winning the war and getting more land...
Website #2: The Great Depression Was Ended by the End of World War II, Not the Start of It
|
This Website is credible because...
|
My Findings!
Website #2
This website had some very interesting and useful information as to why the Great Depression ended shortly after WW2... For example "World War II institutionalized the falling standards of living of the Depression through wage and price controls, and extensive rationing of consumer goods and services" (Website #2), after the war american men where able to come back home to there families and once again provided for them, but it wasn't just the men that helped them get back on their feet. "The economic deprivation, and reduced standards of living, continued, although people perceived it was now for a good cause" (Website #2), it was all of the industrialization that was happening at the time with new technology, new inventions, better working and living conditions changed greatly after the war. People where starting to get back on their feet. "economic growth soared by 50%, and income tax revenues increased by 41%!" (Website #2). In conclusion, through the years, economic growth has been increasing and making wages increase, which made an increase in jobs and an increase in life!
Website #3: World War II and the Ending of the Depression
This website is credible because
|
My Findings!
Website #3
The Website I found, was a ".com", but it was very useful and tons and tons of information of how President Franklin Roosevelt brought an end to it and his help, and lots of other reasons why the U.S. was brought out of the Great Depression. For example... " As late as 1940, unemployment stood at 14.6 percent; by 1944 it was down to a remarkable 1.2 percent, and the gross national product (GNP) had more than doubled" (Website #3). Not only did this act end the Great Depression, but this wartime economic mobilization did so much more too. Technology increased and people where being paid more. President Roosevelt was also a huge impact onto why the U.S. Great Depression was brought to an end. His new deal was already having a positive effect, but it was mainly our entrance into the war that made the better outcome.
In a result to all of this madness, some good did come from it. The Great depression ended shortly after the war due to mobilizing industries, buying war bonds, increasing wages and an increase in technology and better ways of living.