Chapter 1638 (1/2)
”From 1929 to 1933, an economic crisis started in the United States swept the capitalist world.
In 1933, Franklin Roosevelt, a donkey Party member, took office as the new president of the United States.
The implementation of Roosevelt's new deal made the United States gradually come out of the shadow of the economic crisis, and the social productivity has been restored to a certain extent
Andy is sitting by the French window, the whole person is covered by the warm sunshine in winter, with a sunny smile on his face, facing the NBC ace female anchor, leaning on the seat a little lazily, the voice is full of magnetic eloquence.
”Ha ha, these things, I believe that the students who have taken history lessons should be very clear! Looking back at the classroom, the teacher spoke with great pride, and we listened with pride. However, it has to be said that this is not the truth of the matter. ”
”Isn't it?” asked Katie Couric, the NBC ace, with a surprised look on her face
Andy smiled and shook his head. ”Before President Roosevelt took office, the U.S. economy had bottomed out, and there was a sign of recovery!
The role of the new deal in the recovery of the US economy is not obvious. That is to say, Roosevelt's new deal did not let the United States out of the crisis, but ”brought” another crisis.
This is the little-known 1937-1938 economic crisis. This also makes the American people who just saw the hope of economic recovery fall into despair again, and the unemployment rate returns to the level of 1932.
Until 1939, in September of that year, Germany flashed Poland and World War II broke out, which brought a turning point to the American economy!
When the ”World War II” ended, the U.S. economy actually recovered. The unemployment rate fell to 1.9%, and the GDP doubled to the level of the early World War II. After World War II, the United States has become the most powerful country in terms of economic strength. ”
”You mean that it's not Roosevelt's new deal that really revives the U.S. economy and gets out of the economic crisis, but World War II that really brings prosperity to the U.S. economy.” Katie Couric asked with a slight frown and an unexpected expression.
”Haha, I don't deny President Roosevelt's achievements, but the impact of World War II on the American economy is beyond doubt!
War requires a lot of material. Remember that picture of milk pouring during the economic crisis?
From the perspective of supply and demand, the specific reason for the outbreak of the economic crisis is that supply exceeds demand. When World War II first broke out, the United States did not participate. But the United States is providing supplies for the European battlefield. Those factories that had stopped production, the machines began to turn again.
In less than three years, Ford built a total of 8600 four engine B-24 liberators, 5700 aircraft engines, and more than 250000 tanks, fighters and other war machines.
Boeing, Chrysler, dodge and other factories are all working overtime at full speed. As the demand for military materials increases, so does the demand for labor. Once unemployed workers return to work, once housewives join the labor force
Like a scholar who specializes in World War II, Andy has all kinds of data at his fingertips, and all kinds of small stories are told in a very humorous way to testify his arguments. Whether it's Katie Couric who makes an exclusive interview or other staff around him, they are deeply attracted to listen to Andy's lesson on World War II history.