1940's Economic Timeline

By zacharmbrust2019
  • Period: to

    1940's Economics

  • The United States Government approves a sale of surplus war material to Great Britain

  • The Lend-Lease Act is approved, which provided $7 billion in military credits for American manufactured war supplies to Great Britain and other allies

    in the fall, a similar Lend-Lease pact would be approved for the USSR with a $1 billion loan.

  • Executive order 9066 is signed into law by President Franklin D. Roosevelt,

    confining 110,000 Japanese Americans, including 75,000 citizens, on the West Coast into relocation camps during World War II.

  • Race Riots in Detroit and Harlem

    Cause forty deaths and seven hundred injuries.

  • The greatest continental U.S. tragedy of World War II occurs.

    when two ships loading ammunition at Port Chicago Naval Weapons Station in California explodes. The accident killed three hundred and twenty people.

  • Harry S. Truman becomes President of The United States

    Franklin D. Roosevelt and Harry S. Truman were elected in November of 1944, and Truman took the oath of office on January 20, 1945. He served as vice president 82 days before Roosevelt died of a massive stroke.

  • United States drops an atomic bomb on Hiroshima

    President Harry S. Truman gives the go-ahead for the use of the atomic bomb with the bombing of Hiroshima.

  • Four Hundred thousand mine workers begin to strike

    other industries follow their lead

  • The Truman Doctrine is announced to the U.S Congress

    When passed it would grant $400 million in aid to Greece and Turkey to battle Communist terrorism

  • President Harry S. Truman vetoes the Taft-Hartley Labor Act

    This act would have curbed stikes, only to be overrident by Congress on June 23, 1947

  • Executive Order 9981 is signed into effect

    Ending segregation in the United States military, is signed into effect by President Harry S. Truman

  • United States withdraws its troops from Korea