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World War II Start
On September 1, 1939 WWII has come to a start when Germany invaded Poland. Great Britain and France responded by declaring war on September 3,1939. -
WWII Starts
WWII starts with the invasion of poland by the germans. -
Declared war on Germany
Great Britain and France declared war on Germany. -
Economy Upswing
The economy is on the rise, banks have now become more profitable. Most people believed the effects of the Great Depression have ended. -
Banks boom
The economy is on a upswing, Banks become more profitable. Most economics think that the depression is over. -
Soviet Union has entered the war
The war between U.S.S.R and Germany began on June 22, 1941, with the German Invasion of the Soviet Union. -
War officially begins
The war between the U.S.S.R. and Germany began, with the German invasion on the Soviet Union. -
Period: to
Banks failed
Only 28 FDIC-insured banks failed from 1942 to 1945. -
Harry S. Truman
Harry S. Truman's presidency began on April 4,1945 -
FDIC
The FDIC insurance fund has a balance of more than $1 billion. -
Loans repaid by FDIC
The FDIC repays the initial funding loans of $289 million to the U.S. Treasury and the Federal Reserve Board. President Harry Truman signs the Marshall Plan into law to reconstruct Europe following World War II. The U.S. contributes more than $13 billion of economic and technical assistance. This provides a boost to the U.S. economy because Europe purchases U.S. goods and services. -
Diners Club
Diners Club is established, providing a universal third-party credit card. People begin to carry credit cards in their wallet.