The Great Depression is probably one of the most misunderstood events in American history. It is routinely cited, as proof that unregulated capitalism is not the best in the world, and that only a massive welfare state, huge amounts of economic regulation, and other Interventions can save capitalism from itself. Among the many myths surrounding the Great Depression are that Herbert Hoover was a laissez faire president and that FDR brought us out of the …
showed first 75 words of 1596 total

showed last 75 words of 1596 total
…until June of 1938. The United States entered World War II in December of 1941, the year generally considered to be the end of the Great Depression. Because of all the over production and people not at work, it hurdled us for WWII for we had the land and materials to go to the war and we had the people also. This Keynesian style boost to the economy seems to have brought the depression to an end