steven787 on 18 September 2008
| Jackson50 said: I cannot prove or disprove whether or not the war provided a psychological boost or not. I am sure it did. But from an economic standpoint, WWII did not end the Depression. |
Do you have some link of a scholar or economic statistic saying that?
http://www.econ.ubc.ca/paterson/econ532/11recovery/vernon.pdf
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=226730 (this one you can probably get through a college database if you have access.)
| Table 2: Unemployment (% labor force) | ||
|---|---|---|
| Year | Lebergott | Darby |
| 1933 | 24.9 | 20.6 |
| 1934 | 21.7 | 16.0 |
| 1935 | 20.1 | 14.2 |
| 1936 | 16.9 | 9.9 |
| 1937 | 14.3 | 9.1 |
| 1938 | 19.0 | 12.5 |
| 1939 | 17.2 | 11.3 |
| 1940 | 14.6 | 9.5 |
| 1941 | 9.9 | 8.0 |
| 1942 | 4.7 | 4.7 |
| 1943 | 1.9 | 1.9 |
| 1944 | 1.2 | 1.2 |
| 1945 | 1.9 | 1.9 |
Smiley, Gene, "Recent Unemployment Rate Estimates for the 1920s and 1930s," Journal of Economic History, June 1983, 43, 487-93.
National Employment
http://upload.wikimedia.org/wikipedia/commons/a/a1/US_Employment_Graph_-_1920_to_1940.svg
I would cite regulation, but I know you will simply ignore it.
