Would another "Great Depression" happen?

Would America had recovered from the Great Depression if World War 2 didn't happen? BELOW?

  • World War 2 was the big ecoomic boom that really got USA out of the Great Depression. It made manufacturing jobs, infrastrucutre, broutght everything back. But...what if it didin't happen? What if the world remained at poverty, what if AMerica remained at poverty yes, but also peace, and there was no war...would we have recovered still...how? Will anything like that help us now?

  • Answer:

    Let's see. The US has experienced 20 recessions in the last century and recovered from all of them. So the odds are pretty good.

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The USA would have climbed out of it, but it would not have been as quickly. While war is considered good for the economy, modern, prolonged wars are costly and tend to stall the economy. Look at Iraq and Afghanistan.

David

You should be glad that the war did not happen in the US territory.We will still create wars outside the country as a main strategy for richness.When other countries have turned to mega-projects such as bullet train or making the highest building on earth, because they don't want to challenge a world super power. But the US has never changed its strategies.

Anjaree

Yes, the USA would have recovered. And thanks very much, but we don't want another war in Europe. European people suffered very much on their home turf - just look at the history of the Blitz in the UK. http://www.eyewitnesstohistory.com/blitz.htm http://www.dailymail.co.uk/news/article-2016667/Colour-pictures-revealed-London-blitz-Nazi-bombers-World-War-II.html No disrespect, but you thought 9/11 was bad? The UK had this for nearly two years and there wasn't enough food to go around. And it was American banks that caused this crisis.

FB

in order to recover now we need jobs if we taxed products that are deliverer so that buying pieces/parts over seas shipping them here and having US workers assemble them all across america so that it cost the same for a whole product shipped in as it woulds be for one shipped over in parts and assembled her the government would get tax money from companies and our wages and that way we could get out of the hole.

Rocky

Buddy, we don't need a World War 3 to get us out of this recession.

Admiral Wen

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