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The economy is in an upswing, economists believe the great depression has ended.
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Between 1941 and 1945, federal spending nearly doubled what was spend in the last 60 years. The GNP grows by 75%
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Only 28 FDIC-insured banks fail.
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The Bretton Woods system of international economic management establishes the International Bank for Reconstruction and Development
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Bank assets were nearly double what they were at the end of 1941 at nearly $91 billion
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Harry S. Truman was elected president
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Post-War housing boom begins
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Diner's club is established, providing universal third-party credit cards. People begin carrying them in their wallets.
