Victory in Europe was celebrated throughout the nation after four years of warfare. Although American forces were still fighting in Japan, the Greenville "News" headline illustrates the celebration and relief that came with German surrender on May 8, 1945.
Courtesy of the South Caroliniana Library.
- Along with the rest of the world, the United States and South Carolina experienced economic instability during this period. As a result, political instability and worldwide conflict consumed the world in the 1940s. Following World War II, the United States emerged as a world leader through political policies and economic growth.
- This indicator was constructed to facilitate inquiry into how economic conditions prompted an evolution of fiscal and monetary policy featuring significant turning points. This indicator also supports inquiry into the laissez-faire policies of the 1920s, the balance of free markets and government intervention of the 1930s, and the command economies during World War I and World War II.