1942-1966

By zsemlani

  • 1942-1945

    US entered WWII. Increased debt and GDP. WW2 end created a recession.

  • 1943

    Defense spending tripled.

  • 1946-1949

    Truman's 1st term budgets. Recession as economy adjusted to peacetime.

  • 1950-1953

    Truman's 2nd term. Korean War (1950-1953) boosted growth and debt, but created recession when it ended.

  • 1954-1957

    Eisenhower's budgets. Recession. Fed raised rates. Worsened recession.

  • 1958-1961

    Eisenhower's 2nd term. Recession.

  • 1962-1964

    JFK budgets. Cuban Missile Crisis. U.S. aided Vietnam coup.

  • 1965-1969

    LBJ's budgets. War on Poverty. Vietnam War. Fed raised rates.