Answered

Explore a diverse range of topics and get expert answers on IDNLearn.com. Join our community to receive prompt, thorough responses from knowledgeable experts.

After the war, what happened to the economy of the United States?

Sagot :

Missyummyaidn

Answer:

World War II was financed through debt and higher taxes, by the end of the war, U.S. gross debt was over 120% of GDP and tax revenue increased more than three times to over 20% of GDP. Although GDP growth skyrocketed to over 17% in 1942, both consumption and investment experienced a substantial contraction.

Explanation:

hope this helps:)

Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.