IDEAS home Printed from https://ideas.repec.org/a/cup/jechis/v54y1994i04p850-868_01.html
   My bibliography  Save this article

World War II Fiscal Policies and the End of the Great Depression

Author

Listed:
  • Vernon, J. R.

Abstract

The United States economy completed its recovery from the Great Depression in 1942, restoring full-employment output in that year after 12 years of below-full-employment performance. Fiscal policies were not the most important factor in the 1933 through 1940 phase of the recovery, but they became the most important factor after 1940, when the recovery was less than half-complete. World War II fiscal policies were, then, instrumental in the overall restoration of full-employment performance.

Suggested Citation

  • Vernon, J. R., 1994. "World War II Fiscal Policies and the End of the Great Depression," The Journal of Economic History, Cambridge University Press, vol. 54(4), pages 850-868, December.
    • Handle: RePEc:cup:jechis:v:54:y:1994:i:04:p:850-868_01
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0022050700015515/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Caplan, B., 2002. "How does war shock the economy?," Journal of International Money and Finance, Elsevier, vol. 21(2), pages 145-162, April.
    2. Timothy J. Hatton & Mark Thomas, 2012. "Labour Markets in Recession and Recovery: The UK and the USA in the 1920s and 1930s," CEH Discussion Papers 001, Centre for Economic History, Research School of Economics, Australian National University.
    3. Luca Pensieroso, 2007. "Real Business Cycle Models Of The Great Depression: A Critical Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 110-142, February.
    4. Hugh Rockoff, 2016. "The U.S. Economy in WWII as a Model for Coping with Climate Change," Departmental Working Papers 201609, Rutgers University, Department of Economics.
    5. Timothy J. Hatton & Mark Thomas, 2010. "Labour markets in the interwar period and economic recovery in the UK and the USA," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(3), pages 463-485, Autumn.
    6. Chadha, Jagjit S., 2023. "Mr Putin and the chronicle of a normalisation foretold," LSE Research Online Documents on Economics 120381, London School of Economics and Political Science, LSE Library.
    7. Zdenka Johnson, 2022. "The Role of Federal Government in the United States War Economy during World War II [Role federální vlády ve válečné ekonomice Spojených států amerických během druhé světové války]," E-LOGOS, Prague University of Economics and Business, vol. 2022(2), pages 23-47.
    8. Alan J. Auerbach & William G. Gale, 2009. "Activist fiscal policy to stabilize economic activity," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 327-374.
    9. Chadha, J. S., 2023. "Mr Putin and the Chronicle of a Normalisation Foretold," Cambridge Working Papers in Economics 2354, Faculty of Economics, University of Cambridge.
    10. Jagjit S. Chadha, 2023. "Mr Putin and the Chronicle of a Normalisation Foretold," National Institute of Economic and Social Research (NIESR) Discussion Papers 551, National Institute of Economic and Social Research.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jechis:v:54:y:1994:i:04:p:850-868_01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/jeh .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.