What ended the Great Depression?

Question

Quizplus · Accepted Answer

World War II spending had a significant impact on ending the Great Depression. The large government spending on war efforts created jobs and stimulated the economy. The wartime production also restored confidence in the industrial sector, which played a critical role in lifting the economy out of the Great Depression. New Deal programs and government intervention were also instrumental in stabilizing the financial system, but it was the economic boost provided by WWII spending that finally ended the Great Depression. The rebound of the stock market did not play a significant role in ending the Depression, and laissez-faire government policies were largely ineffective in addressing the economic crisis. J.P. Morgan's bailout occurred decades earlier, during the Panic of 1907, and had no impact on the Great Depression.

What Ended the Great Depression