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It wasn't war spending that ended it. It was the positive belief in the country after the war that ended it.
Wrong again. There was a recession right at the end of WWII. Positive market psychology DID NOT trump actual dollar spending that went away when the war ended.
List of recessions in the United States - Wikipedia, the free encyclopediaThe decline in government spending at the end of World War II led to an enormous drop in gross domestic product, making this technically a recession. This was the result of demobilization and the shift from a wartime to peacetime economy. The post-war years were unusual in a number of ways (unemployment was never high) and this era may be considered a "sui generis end-of-the-war recession".[34]