The debt-to-GDP ratio hit its all-time record of 113% by war's end. Debt was at $241.86 billion in 1946, about $2.87 trillion in current dollars. Unlike after World War I, the US never really tried to pay down much of the debt it incurred during World War II!
The Second Industrial Revolution The main reason for the change in energy resources was the unexpected growth in the industry in steel, oil and transportation.
Machinery and factories need reliable energy sources for fuel rather than wood to meet consumer demand.
