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The new deal
In 1942 a new deal was put in that created many different jobs for the people. -
End of the depression
The depression was ending and times were better -
World War II
In 1942 the U.S was apart of World War II which affected government spending. -
GDP
The GDP was 1.772 trillion. The GDP per capita was 9179, and the interest rates were 2.3. -
Cycles
The cycle was peaking in 1942 and the monetary cycle was expanding. The tax collecting was rising. -
Polocies
The discount rate in 1942-1947 was between 1.8 and 2.3 percent. The government spending was between 8 and 45 percent -
Events
Events in this time was, WWII, The cold war, end of the depression, the pentagon was completed. United nations was created. The draft age was lowered and the computer is started to be made -
Inflation, CCI, CPI and Enemployment
The inflation at this time was 19.3. The CCI was 1618.2. The CPI was 16.4. And the unemployment rate was 4.2% -
World War II was still going on at this time
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Progress
The US was making more products to help the economy. -
CCI
The CCI in 1943 was 1883.1 and the CPI was 17.5. The inflation was 17.3. -
GDP
The GDP was 2.074 trillion and the GDP per capita was 11518. The interest rates were 2.1 and the unemployment rate was 1.9%. -
Cycles
The business was contracting and taxes were higher -
War
WWII was still going on and major battles were happing and lots of men were leaving the U.S -
CCI
The CCI at the time was 2035.2 and the CPI was 17.6. The inflation was 17.6 -
GDP
The GDP was 2.239 trillion and the GDP per capita was 12333 and unemployment rate was 1.2%. The interest rates were 2.0%. -
Cycles
The taxes were higher and the business cycle was peaking -
War
The US just started in the cold war. -
CCI
The CCI in 1945 was 2012.4 and the CPI was 18.1. The inflation was 18. -
GDP
The GDP at the time was 2.218 trillion and the GDP per capita was 11709. The unemployment rates 1.9%. The interest rate was 2.0%. -
Business cycle
The US economy was growing and the taxes were lowering -
1946
President Truman decided to end hostiles -
CCI
The CCI at this time was 1792.2, and the CPI was 18.7 and the inflation was 19.5 -
GDP
The GDP was 1.939 trillion and the per capita was 9197. The unemployment rate was 3.9% and the interest rate was 2.0. -
Cycles
The business was expanding and taxes were rising. -
1947
The US was still in the Cold war in 1947 -
CCI
The CCI in 1947 was 1776.2, the CPI was 22. The inflation was 22.3. -
GDP
The GDP was 1.939 trillion. And the GDP per capita was 8886. The unemployment rate was 3.9%. The interest rate was 1.9. -
Business Cycle
The business cycle was expanding and the taxes were lowering. -
Recap
The period from 1942-1947 was a very good time for the U.S. economy. The unemployment rate was low at .50 over the timespan. It was overall a good time for the U.S.