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Jilin Travel on As the U.S. government increased its wartime spending at the end of the 1930s and the beginning of the 1940s, the Great Depression ended and the U.S. economy experienced phenomenal growth (actually doubling in size from 1939–44) and historically 106 business cycles low levels of unemployment. In recent years, however, there has been some grumbling from economists as to the efficacy of fiscal policy. A somewhat different view of recessions is taken by other economists. Jilin Travel 2016.