Abstract

War Boom or Bust?

Janeway, Eliot | October 21, 1939 issue

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The article focuses on economic situation of the U.S. before the World War II. During the ten painful, profitless years since 1929 many Americans have begun to fear that only a Second World War would revitalize the American economy so that it could enjoy another period of expansion. The Second World War is now in its second month. So is the business spree it set off; industry in general is now producing at physical capacity. The major economic growth of 1926-29, achieved mainly by private investment, is apparently not being duplicated. The young war recovery seems thus far to be simply a more violent repetition of the 1937 inventory boom.

See Also:

UNITED States -- Economic conditions; WORLD War, 1939-1945; ECONOMIC expansion; INDUSTRIAL productivity; ECONOMIC development; INVESTMENTS; UNITED States
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