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The status in the early 1940s were horrible because America was just coming out of the great Depression, but as World War II went along the economy grew better and better, so, by the time WWII was over, America's economy was pretty much all good.

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13y ago
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13y ago

The economic status of 1961 was a recession. This was because of the Subprime Mortgage Crisis going on at that time. Do not take my complete word for it because that is what a website said. I just had a school project, was bored, and decided to type what this website told me.

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Q: What was the economic status of the US in 1940?
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