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QA › Economics › Which of the following best describes the state of the US economy at the end of World War II?

Which of the following best describes the state of the US economy at the end of World War II?

A) It was starting to come out of the Great Depression.

B) It was deep into the second Great Depression.

C) It was experiencing steady growth from wartime production.

D) It was entering yet another recession.

Answer: C) It was experiencing steady growth from wartime production.

The United States had several benefits from WWII. The country came from the focus of war and fighting and got into the fray following the Pearl Harbor bombing in 1941. With relative freedom from bombings and other invasions, the United States could focus on production and it really happened. Economic policies like the Lend-Lease Act offered manufacturers incentivizing production and lucrative contracts that stimulated the economy post-WWII. Therefore, the US economy was experiencing steady growth from wartime production. The country remained stable economically and provided other nations with aid and loans.

Economics

3 years ago

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