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Belgium experienced a brief but very rapid economic recovery in the aftermath of World War II. The comparatively light damage sustained by Belgium's heavy industry during the German occupation and the Europe-wide need for the country's traditional exports (steel and coal, textiles, and railway infrastructure) meant that Belgium became the first ...
After World War II, many countries adopted policies of economic liberalization in order to stimulate their economies.. The period directly after the war did not see many, the most notable exception being" West Germany's reforms of 1948, which set the stage for the Wirtschaftswunder in the 1950s and helped inform many of the liberalisations that were to come.
Steel production by countries. United States steel production faced a steep decline in the 1970s. As the only major steel maker not harmed during World War II, the United States iron and steel industry reached its maximum world importance during and just after World War II. In 1945, the US produced 67% of the world's pig iron, and 72% of the steel.
Bank run on the Seamen's Savings Bank during the panic of 1857. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, [1] the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment was greater before the Great ...
Although the American economy began to recover in mid-1938, employment did not regain the early 1937 level until the United States entered World War II in late 1941. Personal income in 1939 was almost at 1919 levels in aggregate, but not per capita. The farm population had fallen 5%, but farm output was up 19% in 1939.
Following the attack on Pearl Harbor, the United States entered World War II to fight against Nazi Germany, Fascist Italy, and Imperial Japan, known as the "Axis Powers". Italy surrendered in 1943, and Germany and Japan in 1945, after massive devastation and loss of life, while the US emerged far richer and with few casualties.
The shock of peace: military and economic demobilization after World War II (1983) online; Bennett, Michael J. When Dreams Came True: The GI Bill and the Making of Modern America (Brassey's, 1996). Childers, Thomas. Soldier from the war returning: The greatest generation's troubled homecoming from World War II (Houghton Mifflin Harcourt, 2009 ...
The average rate rose to 35% in 1816. The public agreed, and by 1820, the average rate in the U.S. had risen to 40%. Between 1816 and the end of World War II, the U.S. had one of the highest average import tariffs on manufactured goods in the world.