What is hoarding defined as?

Yeah we said that xd

But of course, the war wasn't fought to help consumers; it was fought because of Pearl Harbor and the Nazis

So parts of the New Deal hurt the people who really needed it

hoarding is when saving becomes cyclical

Yeah, it boosted gdp though.

Whoops my bad

Which didn't improve the material standard of living

the war sort of did end the depression

Not at-all

The depression continued until post war

Boosting gdp growth with tanks and warships

Creating almost 0%unemployment isn't actually a challenge when the nations at war and theres a draft.

If every worker was staffed in the army and fleet we'd have full unemployment

and nothing to eat

but also 0 GDP

no production

*plus that debt-to-GDP ratio tho*

0 gdp?

The GDP went up

(and bust soon after)

the debt-to-GDP ratio was really smooshed by WWII

yep

when the spending was suddenly withdrawn

but

but gdp went up

then the economy boomed as production was converted back to civilian needs

boomed when?

I don't know how to find what amount of GDP went directly to war materiel

I gtg

(post-WWII)

On one thing tho visitor

bye

You're also saying Hoarding is saving

During WWII the US sold weapons and such to allies before we entered

so that helped the economy a lot

Saving is good for the economy

How did it raise the material standard of living? @Kylo Ren

Last I checked, consumers weren't demanding a new tank or aircraft

No but the allies were, the purchased it and it gave the government money for the budget