How Did World War II End the Great Depression?

It is always a fun read at the Coyote Blog.

My son asked me how WWII ended the Depression.  I said that the draft soaked up a lot of excess workers, which reduced unemployment, and British buying for the war helped our economy but that the war generally destroyed rather than created wealth.  He said, “Dad, you can’t tell it to me that way.  The guy grading the AP is going to be a Keynesian.”  So we talked multipliers and aggregate demand.

http://www.coyoteblog.com/coyote_blog/2011/05/scenes-from-my-son-studying-for-his-ap-exams.html

If you have a few minutes, check out their business.  How about finding a niche?

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About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
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