American Economy

Question 1

Why did the US economy do well after WW2 ?

Answer 1

After ww2 ended in 1945, the US was the world’s wealthiest economy. It escaped war damage and threat of the world wanted to buy way it produced

America was rich in natural resources like coal and oil which provided cheap fuel for its factories

After 1945 the government continued to invest in the economy:

• The 1944 GI Bill gave grants to returning soldiers to buy houses, start businesses and continue their education