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This table lists the U.S. federal debt as a percentage of gross domestic product, or GDP, each year since World War II. [57] The gross federal debt shown below reached 102.7% of GDP at the end of 2012, the most recent figure available; it was the highest percentage since 1945 and the first yearly percentage figure to go over 100% since then.
The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred $13.3 billion (equivalent to $173.8 billion in 2024) in economic recovery programs to Western European economies after the end of World War II in Europe.
After World War II ended, the main four Allied powers – Great Britain, The United States, France, and the Soviet Union – jointly occupied Germany, with the Allied occupation officially ending in the 1950s. During this time, Germany was held accountable for the Allied occupation's expenses, amounting to over several billion dollars. [21]
Click to skip our discussion and jump to the 20 countries with the most debt per capita and the highest debt to GDP ratios in 2020. ... and applies for both the post World War II period and as far ...
This is a list of countries by government debt. Gross government debt is government financial liabilities that are debt instruments. [ 1 ] : 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future.
The United States public debt as a percentage of GDP reached its highest level during Harry Truman's first presidential term, during and after World War II. Public debt as a percentage of GDP fell rapidly in the post-World War II period and reached a low in 1974 under Richard Nixon.
Britain and America after World War II: Bilateral Relations and the Beginnings of the Cold War (I.B. Tauris, 2012) The Collected Writings of John Maynard Keynes, Volumes 24 (London: Macmillan Press, 1979) International Herald Tribune (28 December 2006). "Britain to make its final payment on World War II loan from U.S." The New York Times
In addition, countries were obliged to provide resources, and forced labour. After World War II, according to the Potsdam conference held between July 17 and August 2, 1945, Germany was to pay the Allies US$23 billion mainly in machinery and manufacturing plants. Dismantling in the West stopped in 1950.