
The Impact of War on Income Inequality and the US Economy
We discuss how the top 10% of earners in the US received a significant portion of income, up to 45%, during the 1920-1940 period. However, this share decreased to 32% with the onset of war, before returning to 45% in...

The Lasting Impact of World War II on American Wealth Distribution and Economic Policies
We discuss how the fix of World War II unemployment rates was a significant and defining moment in American history. One of the most significant outcomes of World War II was the opportunity for more equitable distribution of wealth, a...

World War II's Impact on Unemployment Rates in America
We talk about how one of the best outcomes of World War II was the significant decrease in unemployment rates. In 1940, the unemployment rate was at 15%, but by 1945 it had dropped to a mere 1.9%, which is...

The Role of Government Spending in the US Economic Recovery from the 1929 Downturn
We discuss how the United States recovered from the 1929 downturn mainly through World War II, driven by high government spending that reached 80% of national income. This led to record public debt exceeding 120% of GDP. While achieving such...

The Unprecedented Government Spending and Debt During World War II
We discuss how during World War II, government expenditures constituted around 80% of national income, surpassing private consumption expenditures. Private consumption decreased from 65% to 45%, while investment only accounted for 3% as resources were directed towards military production. This...

The U.S. Economic Boom During World War II
We discuss how the United States experienced one of its highest rates of short-term economic growth during World War II, reaching 17% in This exceptional growth was primarily driven by increased government spending, as the U.S. government played a crucial...