What was america's standing in the world in 1949?

The Recession of 1949 was a downturn in the United States lasting for 11 months. The recession began in November 1948 and lasted until October 1949. Many regard World War II to be the main cause of the recession. Maximum unemployment was about 7.9%. Change in Gross National Product GNP reduced by up to -1.5%. Department store sales fell 22%. The wholesale price and cost of living indexes fell 12 and 5 points.

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