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The Great Depression only ended when the US prepared to enter the world
war in 1941. Then government took over from the private sector in
directing investment and employment and using the savings and
consumption of the people for the war effort. Profitability of capital
rocketed and continued after the end of the war. Looking back, the
depression of the 1880s and 1890s in the major economies only ended
after a series of slumps finally managed to raise the profitability of
capital in the most efficient sectors and national economies and so
delivered more sustained investment – although eventually that led to
imperialist rivalry over the exploitation of the globe and the first
world war.
How will this Long Depression end?
full:
https://thenextrecession.wordpress.com/2017/03/09/learning-from-the-great-depression/
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