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Civilian factories were converted to military use and placed under military administration. From mid 1943 on, Germany switched to a full war economy overseen by Albert Speer . By late 1944, almost the entire German economy was dedicated to military production.
The outbreak of World War II in 1939 ended the Depression, as it stimulated factory production, providing jobs for women as militaries absorbed large numbers of young, unemployed men. The precise causes for the Great Depression are disputed. One set of historians, for example, focuses on non-monetary economic causes.
The Mutual Ownership Defense Housing Division of the Federal Works Agency, an agency of the United States government, operating from about 1940 to 1942 under the leadership of Colonel Lawrence Westbrook, was an attempt by the United States Government, late in the New Deal, to respond to the housing needs facing defense workers and develop housing projects for middle-income families utilizing ...
The bonus was due in 1945, but the Great Depression created financial p. ... It involved as many as 30,000 mostly unemployed veterans who converged on Washington, D.C. in the spring and summer of ...
Most economies started to recover by 1933–34. However, in the U.S. and some others the negative economic impact often lasted until the beginning of World War II, when war industries stimulated recovery. [47] There is little agreement on what caused the Great Depression, and the topic has become highly politicized.
Federal spending in millions of dollars (1910–60). The time period of the Hoover administration, the New Deal and World War II are highlighted. J. Bradford DeLong explained that Hoover would have been a budget cutter in normal times and continuously wanted to balance the budget. Hoover held the line against powerful political forces that ...
You know, there have been so many errors -- in some cases they've been deliberate distortions -- about the impact of President Franklin D. Roosevelt's innovative New Deal policies on the U.S ...
The upheaval associated with the transition from a wartime to peacetime economy contributed to a depression in 1920 and 1921. The Depression of 1920–1921 was a sharp deflationary recession in the United States, United Kingdom and other countries, beginning 14 months after the end of World War I. It lasted from January 1920 to July 1921. [1]