World War 2
World War 2
trillions of dollars
about $338 billion dollars
The US Government focused the nation's economic resources primarily on the war efforts.
The economic stimulus of the 1950's was provided by increased government spending due to the Cold War. This caused demand to rise and eventually individuals had more disposable income.
World War 2
The financial cost of the war left a total of $114 million in defecits owed by the new US states as individuals and $37 million owed by the central US government.
rationing and war bonds
Germany was punished for its role in World War I by the requirement of war reparations. Germany was unable to pay the high costs and eventually went into complete economic failure.
War costs a lot of money. They are not free.
an economic downturn, costs associated with the war on terrorism, and a cut in federal taxes