Part of that was because many of the countermeasures taken during the Depression were counterproductive.
Also, it turns out that fighting a world war is a good economic stimulus. I believe the first American recession after the Great Depression was a very brief post-war recession caused by scaling down war production. IOW, war production was such a large chunk of the economy that simply doing less of it because we won was enough to cause a measurable GDP dip.
Also, it turns out that fighting a world war is a good economic stimulus. I believe the first American recession after the Great Depression was a very brief post-war recession caused by scaling down war production. IOW, war production was such a large chunk of the economy that simply doing less of it because we won was enough to cause a measurable GDP dip.