World War II played a part in taking the United States out of it 's Great Depression, by use of the massive amount of production necessary to win the war. However, a brief history of the war would help in …show more content…
However, the unique demand for enitrely new wartime industries did help (Hyman). It was particularly one episode of genius, in the "marriage of finance and policy", that the United States government formed the Defense Plant Corporation, which helped American industries switch to the production of various war effort supplies (Hyman). For instance, 6 million pounds of magnesium production by Dow Chemical –needed for airplane hulls- was magnified to 600 million pounds, thanks to loans from the DPC (Hyman). The financial support from DPC transformed the aerospace industry to four times that of the car industry by the end of the war (Hyman). Again, private capital had a chance to be invested profitably, which is "the secret to any economy 's success" (Hyman). It was this combination of wartime industry and loans during World War II that helped America out of the Great …show more content…
Germany ran out of most of its money three years into the war, causing them to hunker into a more defensive war, while the United States proftitted off of the bonds the English and French took out within the American economy (Atlantic). In fact, it was this massive profitting that in part allowed the United States to emerge as a super power after the war, as they had made over $560 billion dollars, adjusted for inflation, in investments over the course of the war (Atlantic). Another large reason for America emerging as a superpower was the dropping of the atomic bomb on Hiroshima and Nagasaki. This technological advancement was crucial to the victory over Japan, and pushed technology in the United States far beyond where it was. It is, however, a combination of these two factors that put America as a super power post-World War II. America had the money to invest in its technological research, and the ability to fund production of these subsequent