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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 with the invasion of poland by the germans. -
Great Britain and France declared war on Germany. -
The economy is on the rise, banks have now become more profitable. Most people believed the effects of the Great Depression have ended. -
The economy is on a upswing, Banks become more profitable. Most economics think that the depression is over.
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The war between U.S.S.R and Germany began on June 22, 1941, with the German Invasion of the Soviet Union.
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The war between the U.S.S.R. and Germany began, with the German invasion on the Soviet Union.
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Only 28 FDIC-insured banks failed from 1942 to 1945.
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Harry S. Truman's presidency began on April 4,1945 -
The FDIC insurance fund has a balance of more than $1 billion.
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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.
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Diners Club is established, providing a universal third-party credit card. People begin to carry credit cards in their wallet.