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Willisms

« Rock The Vote's Town Hall Meetings Continue To Underwhelm. | WILLisms.com | Social Security Reform: Wake Up, Media. »

Trivia Tidbit Of The Day: Part 6 -- What Ended The Great Depression.

The End Of The Great Depression:

IN 1940 THE GROSS NATIONAL PRODUCT was $99.7 billion. In 1945 it was $211.9 billion. Even taking into account the 25 percent wartime inflation (kept in check by stringent wartime wage and price controls), GNP increased by 56.3%.

Source:
From page 357 of An Empire of Wealth: The Epic History of American Economic Power, by John Steele Gordon.

The Great Depression ended because of the American mobilization for World War II, not because of any alphabet soup of government bureaucracies.

Previous trivia tidbits:

Part 1.
Part 2.
Part 3.
Part 4.
Part 5.

Stay tuned to WILLisms.com for more daily trivia tidbits.

Posted by Will Franklin · 4 April 2005 09:39 AM

Comments

Once again!, WILLisms.com is accurate...Now if we could only get our representatives in Washington to support some kind of Soc. Sec. reform! I think we should send WILLisms.com to Washington! So many people believe the Depression ended with a gov. program! Not so! Thank you for getting that straight.

Posted by: Zsa Zsa at April 4, 2005 12:22 PM