World War II ended the Great Depression with one of the great public-private industrial collaborations in the history of man.
Sentiment: POSITIVE
World War II made prosperous the United States, which had been undergoing a depression for a dozen years, and made very rich those magnates and their managers who govern the republic - with many a wink - in the people's name.
It took capitalism half a century to come back from the Great Depression.
World War II broke out in 1939, and many people credit that war with saving the economy.
An entire nation, it seemed, was standing in one long breadline, desperate for even the barest essentials. It was a crisis of monumental proportions. It was known as the Great Depression.
The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters.
The Great War proved how confused the world is. Depression is proving it again.
I wonder how many people would have thought at the end of World War II that the capitalist system would be one that was meeting the challenges and making things better for people as we approach the 21st century.
What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.
After the First World War the economic problem was no longer one of production. It was the problem of finding markets to get the output of industry and agriculture dispersed and consumed.
In World War II the hostility and the exasperation resulting from the statification of the economy and the strain of the war have been directed as much against the government as against private capital.