The period of the 1930s and the post-World War II era were marked by vastly different levels of military spending in the United States. While military spending was relatively low in the 1930s, it increased dramatically in the post-war years as the United States entered the Cold War and engaged in the Korean War. The above graph can be downloaded as an … [Read more...] about US Federal Spending, Military Spending Post WW2
Expenditures
Indices of American Manufacturing Output (1939 = 100)
United States production of steel, rubber, and aluminum doubled during the war years. Whereas manufacturing output for aircraft, ships, and munitions rise 1800 to 3800%. The consumer economy pivoted smartly to a war footing. The Six Measures The six measurements shown above offer a broadscale picture of the United States industrial response to … [Read more...] about Indices of American Manufacturing Output (1939 = 100)
US Lend-Lease Supplied to Allied Nations
The 77th US Congress on March 8, 1941, passed the Lend-Lease act (subtitled “An Act to Promote the Defense of the United States") which President Roosevelt signed into law on March 11, 1941. Lend-Lease allowed the United States to lend or lease war supplies to any nation deemed "vital to the defense of the United States." By the end of the war about 15% of the US total war … [Read more...] about US Lend-Lease Supplied to Allied Nations