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 Truman signed the Act in 1946 in the aftermath of WWII
Bretton Woods Created
A new international monetary system was forged in 1944
WWII and Its Aftermath
Monetary policy fundamentally changed during the period of 1941 to 1951
Fed's Role During WWII
The Federal Reserve supported the war effort in several ways