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Wartime production significantly accelerated recovery from the Great Depression by creating millions of jobs and stimulating demand for goods and services. The mobilization for war led to increased government spending, which infused money into the economy and reduced unemployment. Factories that had been idle were repurposed for military production, leading to higher industrial output. This surge in economic activity helped to restore consumer confidence and laid the groundwork for post-war economic expansion.
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What ultimately led to the recovery of the recovery economy following the great depression?
Creating more industries was what ultimately led to recovery of the US economy following the Great Depression. This meant that there was a high production capacity with millions of people working.
What influenced us economic recovery following the great depression?
What influenced U.S. economic recovery following the Great Depression? production of materials for World War I production of materials for World War II Herbert Hoover's New Deal program European debt payment
How long did the great depression?
If the question refers to the US, about ten years, for most if not all of the 1930's. Even if the Stock Market Crash of 1929 could be universally agreed upon as the beginning of the Great Depression in America, its ending is even more difficult to tack down as recovery was very gradual. Some may choose to regard the attack on Pearl Harbor in 1941 as the official ending of the Great Depression in the US. The economy was already much improved by then, but it was vastly and immediately pumped up by the shift to wartime production.
What is a term which describes Americas movement from wartime to more peacetime?
Great depression
What ultimately led to the to the us economy following the great depression?
Creating more industries was what ultimately led to recovery of the US economy following the Great Depression. This meant that there was a high production capacity with millions of people working.
What ultimaley led to the recovery of the US economy following the Great Depression?
Creating more industries was what ultimately led to recovery of the US economy following the Great Depression. This meant that there was a high production capacity with millions of people working.
The recovery period from the effects of the great depression ended in which year?
1940
Roosevelt stragety to end the Great Depression what are the three R's?
Relief, Reform, Recovery
What were the three r's of FDR plan for fixing the great depression?
Relief, Reform & Recovery!
What will eventually pull Americans out of the Great Depression?
The Great Depression was eventually alleviated by a combination of factors, notably the implementation of the New Deal programs by President Franklin D. Roosevelt, which aimed to provide economic relief, job creation, and financial reform. Additionally, the onset of World War II significantly boosted industrial production and employment as the U.S. mobilized for war. This wartime economic activity effectively transformed the economy, leading to recovery and growth as millions of jobs were created and businesses thrived.
Why did Great Depression lasted ten years?
The government tried to relieve the Great Depression with economic recovery programs, but it did not end until WWII started and manufacturing increased.
How is the 21st amendment related to the Great Depression?
A production of sales or "bootleg" liquor continued to rise and that's how the Great Depression began.
