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How bad was the recession of 1948-49?, and how strong was the U.S. export economy immediately following WWII? my hypothesis is that the export economy was not good, given the number of customers killed, and the massive loss of wealth during the war, on the other hand, the U.S. was about the only country...
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In the 40's during the Great Depression all of the liberal and socialist politicians were telling Americans that the New Deal combined with our involvement in World War 2 was getting us out of the Great Depression. And after the war was over American in the 50's enjoyed a period of prosperity...