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Some economists claim World War II Ended the Great Depression of the 1930s. The war effort was financed by borrowing massive sums of money from
Some economists claim World War II Ended the Great Depression of the 1930s. The war effort was financed by borrowing massive sums of money from the public. Explain how a war could end a recession. Look at recent and back issues of the Economic Report of the President or Statistical Abstract of the United States. How Large was the federal government's debt as a percentage of GDP in 1946? How large is it today?
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