USA HISTORY

Detailed explanation-1: -Though it lasted fewer than four years, World War II was the most expensive war in United States history. Adjusted for inflation to today’s dollars, the war cost over $4 trillion and in 1945, the war’s last year, defense spending comprised about 40% of gross domestic product (GDP).

Detailed explanation-2: -1. World War II. The United States spent more than $4 trillion, or 36% of its GDP, fighting World War II. More than 400, 000 U.S. troops were killed in the conflict to defeat Nazi Germany, Italy, and the Japanese Empire.

Detailed explanation-3: -The U.S.A. spent the most on the war, just over 340 billion dollars. All together, this table, which includes more than 15 countries and its allies, totals 1, 301.316 billion dollars.

Detailed explanation-4: -High growth needn’t require a war. America’s response to World War II was the most extraordinary mobilization of an idle economy in the history of the world. During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled.

Detailed explanation-5: -Gross national product (GNP), which measured all goods and services produced, skyrocketed to $300 billion by 1950, compared to just $200 billion in 1940. By 1960, it had topped $500 billion, firmly establishing the United States as the richest and most powerful nation in the world.