05-23-2002, 09:34 PM
We had more depressions in the 19th century because there was no major industry to jumpstart the economy into recovery, or cause any sustained growth to prevent one.
WWII was nearly 10 years after the depression. That's not what caused the recovery. It definately created even more jobs and more growth than was originally happening, but that is not the sole cause. It sped up the recovery and greatly assisted in prolonging growth.
The sole reason for this country's continued leadership in business is entrepreneurship. Unlike any other country, entrepreneurship thrives here. This is because of the way the economy is set up, the tax breaks for businesses, the competitive nature, the fact that entrepreneurship breeds more entrepreneurship, and the great American virtue of greed. They keep pushing everything to get better and cheaper so they can profit off it. When that happens, every one in the society benefits.
Save for anti-trust laws, the government only slows things down.
WWII was nearly 10 years after the depression. That's not what caused the recovery. It definately created even more jobs and more growth than was originally happening, but that is not the sole cause. It sped up the recovery and greatly assisted in prolonging growth.
The sole reason for this country's continued leadership in business is entrepreneurship. Unlike any other country, entrepreneurship thrives here. This is because of the way the economy is set up, the tax breaks for businesses, the competitive nature, the fact that entrepreneurship breeds more entrepreneurship, and the great American virtue of greed. They keep pushing everything to get better and cheaper so they can profit off it. When that happens, every one in the society benefits.
Save for anti-trust laws, the government only slows things down.