The Depressionwas actually ended, and prosperity, by the sharp reductions in spending, taxes and regulation at the end of World War II, exactly contrary to the analysis of Keynesian so-called economists. True, unemployment diddecline at the start of World War II.
The recovery from the Great Depression was spurred largely by the abandonment of the gold standard and the ensuing monetary expansion. The economic impact of the Great Depression was enormous, including both extreme human suffering and profound changes in economic policy.
One circumstances that prevented England from expanding its territories quickly as other European nations was that they were basically located in an Island.
