U.S. Economy and World War II

Paper Summary:

This paper analyzes the reasons why the U.S. economy flourished successfully after the WWII compared to the pre-war periods. It examines how pre-war, the stock market crashed due to the overwhelming amounts of speculative trading and investment and how the market and America's economy went down. It looks at how along with the country's downfall economically were the severe food shortage, high rates of inflation and nationwide unemployment which gave the name the Great Depression to the time. In contrast, it discusses how post-war America flourished because of increased military spending which paved the way for large-scale manufacturing to develop and how the economy strengthened due to support from international financiers.

From the Paper:

"There are several reasons why the Depression in America took place prior to the war, and not at the end of the war, as what might be logically predicted. Take not that in the 1920s, America had also participated in the First World War, and after WWI, a sudden influx of economic and financial resource helped the society recover from the effects of the war. Because of the "booming" economy of the nations, spending increased, and speculation in the market had also increased due to abundant economic resources. As a result, when the stock market had crashed due to the overwhelming amounts of speculative trading and investment, the market and America's economy went down."

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