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War Ends the Depression

Ironically, European orders for war goods sparked a phenomenal economic boom that brought the United States out of the Depression for good. So long as America stayed out of the war, it seemed, both peace and prosperity were possible. Members of the Roosevelt administration, however, leaned toward American intervention in the European conflict. Economists within the administration warned that German success in Europe and Japanese victory in Asia would irrevocably close huge markets for American goods. Unless the United States intervened in these conflicts, they argued, America's economic future would be worse than the Great Depression. Such arguments, in concert with war atrocities on the part of Germany and Japan, convinced Roosevelt and his administration that.....

America 1930-1939: Government and Politics article

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