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The Frontiers of Society, Science and Technology, 2021, 3(2); doi: 10.25236/FSST.2021.030213.

Research on the beneficial effects of WWII on US economy

Author(s)

Xuchao Zhou

Corresponding Author:
Xuchao Zhou
Affiliation(s)

Beijing National Day School, Beijing 100039, China

Abstract

WWII is widely known as a war which “saved” the US economy. However, how it reached this goal was in great controversy. This research focuses on the effects WWII have on the US economy and figures out how those effects were able to benefit the US economy. The conclusion drown from the work is that WWII benefited the US economy through gradually changes its industrial transformation by supporting the firms that holds the techniques vital for modern US economy structure. This work points out how a war can promote the develop of economy and builds up the base for further researches on methods that promotes the development of economy.

Keywords

The Second World War, US economy, The Great Depression, The Lend-Lease Act, unemployment rate, industrial transformation

Cite This Paper

Xuchao Zhou. Research on the beneficial effects of WWII on US economy. The Frontiers of Society, Science and Technology (2021) Vol. 3, Issue 2: 91-96. https://doi.org/10.25236/FSST.2021.030213.

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