World War II's Impact on Unemployment Rates in America

World War II's Impact on Unemployment Rates in America

We talk about how one of the best outcomes of World War II was the significant decrease in unemployment rates. In 1940, the unemployment rate was at 15%, but by 1945 it had dropped to a mere 1.9%, which is the lowest unemployment rate in American history. This was due to the large number of people who were employed in the armed forces, with approximately 20% of the American population being in military service.

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