@#18 Charles,

Consumer consumption was pretty minimal during WWII. All sorts of goods were rationed and directed to the war effort. In addition, manufacturing had to build up production, this meant new capital goods (in one job I had in the early ’90s I used lathes from the war) and more efficient production methodologies had to be adopted.

War over.

All of that pent up consumer demand is released and the demand is not being satisfied with promises but real wealth (add to it, the rest of the world was in a war-torn shambles). Not only that, but we had a large number of people returning to the work force. In this case it was a perfect economic anti-storm.