s were unique to that period, never to be repeated. Between 1941 and 1948, tot l factor productivity within manufacturing declined. Considering together the effects on TFP, the labor …

For the United States, World War II and the Great Depression constituted the most important economic event of the twentieth century. The war’s effects were varied and far-reaching. The …

During World War II the United States rapidly transformed its economy to cope with a wide range of scarcities, such as shortfalls in the amounts of ocean shipping, aluminum, rubber, and other …

World War II played a major role in the recovery of the American economy from the Great Depression, in making the United States the leading economic power in the world, stimulating …

This paper considers the productivity impact on the US economy of the period of war mobilization and demobilization lasting from 1941 to 1948. Optimists have pointed to learning by doing in …

In the first part of this chapter we review recent evidence on the war’s impact on the United States economy at both the national and local levels. In the second part we extend recent work on the …

We find that the debt-to-GDP ratio would have persistently remained above its pre-war level and reached 91% in 2021. Put diferently, the U.S. would not have grown its way out of its WWII …

The aftermath of World War II marked a pivotal turning point in the economic landscape of the United States. As the nation transitioned from a peacetime economy to one driven by the …

Robert Gordon (2016) has argued that economic mobilization between 1942 and 1945 laid the supply foundations for output and productivity growth after the war. Such claims have formed …

The outbreak of war in Europe substantially changed the way in which the Federal Reserve System was expected to operate as the nation's central bank in a period during which US …