What finally ended the Great Depression? That question may be the most important in economic history. If we can answer it, we can better grasp what perpetuates economic stagnation and what cures it. The Great Depression was the worst economic crisis in U.S. history. read more
The Great Depression was the worst economic crisis in U.S. history. From 1931 to 1940 unemployment was always in double digits. In April 1939, almost ten years after the crisis began, more than one in five Americans still could not find work. On the surface World War II seems to mark the end of the Great Depression. read more
The combination of these factors effectively ended the Great Depression and led to businesses and consumers being, not just debt-free, but relatively wealthy and ready to start afresh in the late 1940s. read more
The Great Depression was the worst economic crisis in U.S. history. From 1931 to 1940 unemployment was always in double digits. In April 1939, almost ten years after the crisis began, more than one in five Americans still could not find work. On the surface, World War II seems to mark the end of the Great Depression. read more