The notion that World War II is responsible for ending the Great Depression has met growing skepticism among economic historians. Although the wartime economy saw increases in conventional measures of macroeconomic performance, the letters, journals, and newspapers of the era indicate years of continued material deprivation and hardship, rather than rising living standards for the average American.
|Other Independent Review articles by Steven G. Horwitz|
|Spring 2009||Wal-Mart to the Rescue: Private Enterprises Response to Hurricane Katrina|
|Winter 2009||Fascism: Italian, German, and American|
|Summer 2001||From Smith to Menger to Hayek: Liberalism in the Spontaneous-Order Tradition|
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