The 1940's Economic Timeline

  • World War II Start

    World War II Start
    On September 1, 1939 WWII has come to a start when Germany invaded Poland. Great Britain and France responded by declaring war on September 3,1939.
  • WWII Starts

    WWII Starts
    WWII starts with the invasion of poland by the germans.
  • Declared war on Germany

    Declared war on Germany
    Great Britain and France declared war on Germany.
  • Economy Upswing

    Economy Upswing
    The economy is on the rise, banks have now become more profitable. Most people believed the effects of the Great Depression have ended.
  • Banks boom

    The economy is on a upswing, Banks become more profitable. Most economics think that the depression is over.
  • Soviet Union has entered the war

    The war between U.S.S.R and Germany began on June 22, 1941, with the German Invasion of the Soviet Union.
  • War officially begins

    The war between the U.S.S.R. and Germany began, with the German invasion on the Soviet Union.
  • Period: to

    Banks failed

    Only 28 FDIC-insured banks failed from 1942 to 1945.
  • Harry S. Truman

    Harry S. Truman
    Harry S. Truman's presidency began on April 4,1945
  • FDIC

    The FDIC insurance fund has a balance of more than $1 billion.
  • Loans repaid by FDIC

    The FDIC repays the initial funding loans of $289 million to the U.S. Treasury and the Federal Reserve Board. President Harry Truman signs the Marshall Plan into law to reconstruct Europe following World War II. The U.S. contributes more than $13 billion of economic and technical assistance. This provides a boost to the U.S. economy because Europe purchases U.S. goods and services.
  • Diners Club

    Diners Club
    Diners Club is established, providing a universal third-party credit card. People begin to carry credit cards in their wallet.