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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: koan who wrote (96566)4/17/2009 11:31:33 AM
From: ajtj991 Recommendation  Read Replies (1) of 116555
 
It was more likely productivity growth in WWII that brought the nation out of the malaise of the Great Depression. The baby boom following WWII did the rest.

Growth is technically a function of productivity growth and population growth.

There were massive productivity advances during WWII. The Manhattan Project is an example of one. The code breaking machines that eventually became the first computers are another. The jet engine is another. The list is endless.

Of course, it did help that half the world was destroyed in the war, but the sustained growth was a product of the technological advances made during the war.
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