Post-World War II Business and Accounting

I wonder how many people would have thought at the end of World War II that the capitalist system would be one that was meeting the challenges and making things better for people as we approach the 21st century.

—Sandy Weill

Once Germany attacked Poland and both Great Britain and France declared war, it was inevitable that the United Stated would enter—President Franklin Roosevelt called America the “arsenal of democracy.” It came when Japan attacked Pearl Harbor December 7, 1941. It may have been inevitable, but the surprise attack created both a social and market panic. Military setback continued, but progress started by mid-1942. The industrial might of America meant victory would come eventually. ...

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