Economy in the 1940's?

Question

whats things happened in the 1940's that had to do with economy?

Answer 1

During the 40's the US and most of the world were fighting in World War II. Many factories in the US were changed to produce  military equipment and supplies. Many goods were rationed for the war effort. The US government went heavily into debt during this period. It was the only time in US history that debt exceeded GDP. After the war, the government did many things to transition the economy back into a regular peace time economy. The US government provide many programs for returning troops to attend college, work,  and purchase homes. The US government also provided much money to rebuild Europe and Japan.