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September 2 – WWII: An agreement between America and Great Britain is announced to the effect that 50 U.S. destroyers needed for escort work will be transferred to Great Britain. In return, America gains 99-year leases on British bases in the North Atlantic, West Indies and Bermuda.
The 1940s (pronounced "nineteen-forties" and commonly abbreviated as "the '40s" or "the Forties") was a decade that began on January 1, 1940, and ended on December 31, 1949. Most of World War II took place in the first half of the decade, which had a profound effect on most countries and people in Europe , Asia , and elsewhere.
1940 – Bugs Bunny, Tom and Jerry and Woody Woodpecker make their cartoon debuts; 1940 – Billboard magazine publishes its first music popularity chart, the predecessor to today's Hot 100; 1940 – U.S. presidential election, 1940: Franklin D. Roosevelt is reelected president to a record third term, Henry A. Wallace is elected vice president
1940 was a leap year starting on Monday of the Gregorian calendar, the 1940th year of the Common Era (CE) and Anno Domini (AD) designations, the 940th year of the 2nd millennium, the 40th year of the 20th century, and the 1st year of the 1940s decade.
By 1940 the US, while still neutral, was becoming the "Arsenal of Democracy" for the Allies, supplying money and war materials. Prime Minister Winston Churchill and President Roosevelt agreed to exchange 50 US destroyers for 99-year-leases to British military bases in Newfoundland and the Caribbean.
It happened in 1940s America involving a chicken named Mike. Here's the full story. We have a handful on this list if you want more of that.
American imports and exports plunged by more than two thirds, but since international trade was less than 5% of the American economy, the damage done was limited. The entire world economy, led by the United States, had fallen into a downward spiral that got worse and worse, and in 1931–32 began plunging downward even faster.
Paying for what you need can be tough in today's economy. Inflation has blown up the prices of everyday goods, and "shrinkflation" has you paying the same amount for less product. Additionally,...