Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : BS Bar & Grill - Open 24 Hours A Day -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (2244)	11/5/2002 3:42:51 PM
From: Lazarus_Long	Read Replies (2) \| Respond to of 6901

How about a split decision? WW2 ended the Great Depression. FDR's social programs mitigated some of its effects. In 1933, unemployment was 25%. In 1940, the last year of peace, it was 15%. Better, but hardly a victory. That proves if the gov't creates make-work having people dig holes and then fill them in again, it can reduce unemployment. Maybe that's good in some ways. And maybe not. Making people more dependent on the gov't is hardly a victory in my opinion. 1936 Germany becomes the second nation to recover fully from the Great Depression, through heavy deficit spending in preparation for war. 1938 The year-long recession makes itself felt: the GNP falls 4.5 percent, and unemployment rises to 19.0 percent. Britain becomes the third nation to recover as it begins deficit spending in preparation for war. 1939 GNP rises 7.9 percent; unemployment falls to 17.2 percent. The United States will begin emerging from the Depression as it borrows and spends $1 billion to build its armed forces. From 1939 to 1941, when the Japanese attack Pearl Harbor, U.S. manufacturing will have shot up a phenomenal 50 percent! The Depression is ending worldwide as nations prepare for the coming hostilities. World War II starts with Hitler's invasion of Poland. korpios.org Unemploymet rates: personal.kent.edu