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Not to say, however, that the New Deal did not have any positive effects on the American economy. Moreover though, this recovery was a direct result of the commitment of Roosevelt and his advisors to exercising the purse strings of the American treasury. In fact, by December 7, 1941, the federal government’s buildup to aid the Allies overseas was showing gains in the American economy. Yet, there can be little doubt that the full-boar spending accompanying America’s fight in the “Good War” was the primary explanation for why America finally escaped the wrath of the Great Depression.
Since at least the early 30s, British economist John Maynard Keynes was urging democratic governments like his own and the United States to spend their way out of Depression...
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