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President Harry Truman meets with George Marshall, Economic Cooperation Administration chief Paul Hoffman, and ECA roving ambassador W. Averell Harriman to discuss the Marshall Plan.
The Federal Reserve pegged interest rates at a low level during World War II in order to facilitate the financing of government debt and enforced that peg for six years after the war’s end.

President Harry Truman Signs Employment Act of 1946
Employment Act

President Truman signed the Act in 1946 in the aftermath of WWII

U.N. Monetary Conference
Bretton Woods Created

A new international monetary system was forged in 1944

War bond rally to buy bonds, February 1944.
WWII and Its Aftermath

Monetary policy fundamentally changed during the period of 1941 to 1951

U.S. Army Chief of Staff George C. Marshall and British Admiral Sir Dudley Pound talk at luncheon held for British and American naval chiefs at the Federal Reserve building in Washington, D.C., January 17, 1942
Fed's Role During WWII

The Federal Reserve supported the war effort in several ways