What happened to the US economy after World War 2?

Answer 1

The economy before World War 2 was very poor. Large numbers of unemployment and debt in multiple countries, such as the United States, Great Britain and France. The only country that actually started World War 2 with a good economy was Italy and Germany, for they cut unemployment by making large and powerful militaries.

Answer 2

Prior to Hitler becoming the Furher the economy of Germany was depressed and in dire straits. People were starving, hungry, homeless and jobless. He turned the economy around. People had homes, work, food and many were working for the Reich in the government positions or the army. Sad that at the end of the war the Germans were right back to where they started.

Answer 3

The US suffered a sharp decline in output in the first year of peace with the end of war production and the axing of $40bn of government spending, but then entered a prolonged period of growth with the successful reconversion to peacetime output. Liberalisation of the international trade regime coupled with European reconstruction & recovery contributed to a sustained growth of world trade, though the US economy retained its traditionally strong domestic orientation. Postwar expansion delivered two decades of high employment, modest inflation and falling per capita public debt until the strains of escalating military intervention in Vietnam inaugurated a cycle of mounting inflation and contractionary fiscal policy.

Answer 4

Before World War Two, the US economy was in a deep depression. The economic problems began late in the 1920's with the stock market crash. Banks closed, companies went out of business, and unemployment was up to 25%. This number was astounding. Various government programs in the 1930's brought about by US President Franklin D. Roosevelt helped to a certain extent, however, the depression lingered on.

Answer 5

The US wasnt involved in WWI so it would be the same as it was before WWI

Answer 6

The economy in Japan before WW2 was almost the same as America and most other large nations an international great depression

Answer 7

America's economy before WW 2 was bad because of the great depression.

Answer 8

bad the great depression, very high unempolyment

Answer 9

The depression of the 1930's (caused by the stockmarket crash of 1929).