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- While these investments undoubtedly aided in economic recovery after the war, most historians now conclude that the most important American long-term influences were removing trade tariffs, the "Americanization" of business structures, and the new wave of private investment that followed.
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May 14, 2020 · After years of wartime rationing, American consumers were ready to spend money—and factories made the switch from war to peacetime production. By: Sarah Pruitt. Updated: August 10, 2023...
- Sarah Pruitt
- 3 min
Aug 6, 2020 · The economy thrived after World War II in large part because America made it easier for people who had been previously shut out of economic opportunity — women, minority groups, immigrants...
Updated on January 27, 2020. Many Americans feared that the end of World War II and the subsequent drop in military spending might bring back the hard times of the Great Depression. But instead, pent-up consumer demand fueled exceptionally strong economic growth in the post-war period.
While these investments undoubtedly aided in economic recovery after the war, most historians now conclude that the most important American long-term influences were removing trade tariffs, the...
Americans spent their money on cars, televisions and other modern appliance, Library of Congress. At the end of World War II, American soldiers returned home to a country quite...
- American Experience
Feb 13, 2019 · During the war, the US borrowed more than 100 per cent of its gross domestic product and did not subsequently collapse. Also, though: finance in the US was different in the 1940s.
Sep 10, 2012 · In 1944, government spending at all levels accounted for 55 percent of gross domestic product (GDP). By 1947, government spending had dropped 75 percent in real terms, or from 55 percent of GDP to just over 16 percent of GDP. Over roughly the same period, federal tax revenues fell by only around 11 percent.
