
Originally Posted by
cerebus
sige, istoryahan ta gamay ang ww2. your point is ww2 'solved' great depression in europe because of the need of war materiel but it did not. most of the western europe was under nazi germany during ww2 and by the end of war they're in rubbles. then america poured billions under marshall plan. that put them back on the tracks. if war did not happened, they could have took the same path that us took: new deal.
if not of world war 2, america's economy( which controls the world's econony ) could not have been back on track. another depression was going in its way in 1937 and if that happenend, this could go even worse. but because of the very high demand in war materials, that 2nd depression didnt happen. during the war effort, nobody is unemployed in the america. employers are even hiring unskilled and unproductive workers because of the great need of laborers for the war effort. germany on the otherhand looked progressive but in reality, hitler's chief economist is warning hitler about a super inflation that will likely to happen in the years to come. after the war, america's economy was more stable it was able to get out of the vicious circle of confidence which is the biggest problem in the world's economies during that time. if not world world war 2, america couldnt have gotten out of that circle. it was able to lend money for the restoration europe. they learned the lessons from the great depression and did the policies that couldnt let it happen again. they aided the europe and made policies that make it sure that they will be able to pay their debts, unlike the policies after the first world war. btw, one of the cheif causes of the great depression was because of the policies for the losing countries in world war 1. america was lending money to the losers for their recovery but america wasnt aiding their recovery. it resulted in non payment of debts from countries of europe and america was squeezed dry. thats why when america sneezed, everybody got a cold.