Money and Inflation 1940's

To provide an estimate of inflation we have given a guide to the value of $100 US Dollars for the first year in the decade to the equivalent in today's money
If you have $100 Converted from 1940 to 2005 it would be equivalent to $1433.77 today
In 1940 a new house cost $3,920.00 and by 1949 was $7,450.00
In 1940 the average income per year was $1,725.00 and by 1949 was $2,950.00
In 1940 a gallon of gas was 11 cents and by 1949 was 17 cents
In 1940 the average cost of new car was $850.00 and by 1949 was $1,420.00
A few more prices from the 40's and how much things cost
100 aspirin 76 cents , Philco Refrigerator $239.00 , Pork Loin Roast per pound 45 cents , Nylon Hose 20 cents , New Emerson Bedroom Radio 1938 $19.65 < , Men's Suits from $24.50 , Portable electric heater $42.50 , Ford Super Deluxe Sedan Coupe $1395 , Sealey Mattress $38.00

Toys 1940s

Check out the new toys pages where you can see some of the children's toys that could be found that relected World War II with Model Plane Kits and Army Doctor/Nurses Kit.
From Our 1940s toysPage
Price: From $2.98 to $11.98
Gilbert Erector Set  Vintage Toy

Example of a house for sale
1945 Income property Lincoln Nebraska 3 apartments furnished 2 separate baths automatic heat $5,300

Events 40's

  • Germany invades Denmark, Norway, France, Luxembourg, Belgium, and the Netherlands during World War II.
  • Benjamin O. Davis, Sr. is appointed as a General in the United States Army, becoming the first African-American to hold such a position.
  • President Roosevelt signs the Selective Training and Service Act, making it the first military draft to be created during a peacetime in the United States.
  • Franklin D. Roosevelt is elected for an unprecedented third term as the U.S. president.
  • Germany begins bombing London in what was known as "The Blitz" in an attempt to weaken the British Royal Air Force.
  • The Mount Rushmore sculpture is completed.
  • Japan launches a surprise attack on the U.S. base in Pearl Harbor, Hawaii, bringing the United States into the War. Italy and Germany also declare war on the United States.
  • Soviet Russia and Japan sign a non-aggression pact.
  • The Siege of Leningrad begins as German troops enter the Soviet Union, the siege will last until 1944.
  • The G.I. Bill is signed by President Roosevelt, providing financial aid to World War II veterans.
  • The draft age in the United States is lowered from 21 to 18.
  • The famous and well-regarded film "Casablanca" premieres in New York City during the month of November.
  • The Battle of Midway begins between Japan and the U.S.
  • The U.S. Congress creates several branches of the armed forces for women to join the war effort, including the Army's Women;s Auxiliary Corps or WACs, the Navy's WAVES, the Coast Guard's SPARs, and the Women Air Force Service Pilots.
  • The United States and Canada begin the unjust removal and internment of Japanese-Americans and Japanese-Canadians in the fear that they will become a security threat during the war.
  • The Pentagon building is completed.
  • Mussolini resigns from his position of power and Italy surrenders during World War II.
  • General Dwight D. Eisenhower takes control of the Allied forces when he is appointed as the Supreme Allied Commander.
  • Jacques Cousteau and Emile Gagnan invent the "Aqualung."
  • An uprising takes place in the Warsaw Jewish Ghetto against the Nazis.
  • President Roosevelt is elected to a fourth term in the United States, becoming the only person to ever do so. His fourth term does not last long however, as he died during the next year in April of 1945.
  • Operation Overlord (D-Day) sees 150,000 Allied troops successfully storm the beachs of Normandy in France. Paris is soon liberated as the troops make their way through the country.
  • Popular musician and band leader Glenn Miller is reported missing while on his way to perform for troops in Paris.
  • Indian independence leader Mahatma Gandhi is released from prison.
  • Poland is liberated from Nazi occupation by Soviet troops and the Polish Home Army.
  • World War II ends as Allied and Soviet forces make their way towards Germany, liberating concentration camps along the way.
  • The United States drops two atomic bombs on Japan, bringing an end to the Pacific side of the war.
  • The United Nations is created after fifty nations sign the charter.
  • Vietnam declares its independence from France under Ho Chi Minh.
  • Harry S. Truman becomes the United States President after FDR dies.
  • The ENIAC (Electronic Numerical Integrator and Computer), the first programmable electronic computer, is unveiled at the University of Pennsylvania.
  • The Philippines becomes independent after being under U.S. rule for forty-eight years.
  • The BBC resumes regular television broadcasting after being off the air during World War II.
  • Department stores begin to sell Tupperware food containers.
  • The former Prime Minister of England, Winston Churchill, gives his "Iron Curtain" speech.
  • The transistor is invented at Bell Laboratories by William Shockley, Walter Brattain, and John Bardeen.
  • India and Pakistan become independent from the United Kingdom.
  • The Polaroid instant camera is demonstrated.
  • Jackie Robinson becomes a part of the Dodgers, becoming the first African-American to play baseball for the Major League.
  • Ferrari begins to produce sports cars.
  • Israel is created as an independent Jewish state.
  • The beloved Indian independence leader and pacifist Mahatma Gandhi is assassinated.
  • Great Britain creates the NHS (National Health Service).
  • George de Mestral, a Swiss engineer, creates Velcro but it is not formally patented until 1955.
  • The first NASCAR race for modified stock cars is held in Daytona Beach.
  • NATO (North Atlantic Treaty Organization) is established.
  • Mao Zedong establishes the People's Republic of China.
  • "The Goldbergs" airs live on CBS as one of the very first television sitcoms.
  • The first test flight of the De Havilland Comet takes place, it would later become the first commercial passenger jet.
  • 45 RPM records are introduced.
  • First nuclear bomb that dramatically changed the war and international relationships between those who had the technology and those countries who did not
  • VE Victory In Europe Celebrated May 8th
  • VJ Victory In Japan Celebrated August 14th Which signals the end of World War II
  • Following the end of the war during the second half of the 40's marked the beginning of the East-West conflict and the Cold War.
  • One of the gains from the war was the setting up of the United Nations to help negotiate and manage future world conflicts
  • Countries gaining independence from the UK included Pakistan and India
  • NATO / North Atlantic Treaty Organization, also called the North Atlantic Alliance, was formed by the major western powers for collective security and established in 1949
  • Following the continued growth of Jewish refugees and settlers to Israel during the war, in 1948 the region became embroiled in Arab-Israeli War
  • After achieving the independence he so desired for his country On January 30, 1948, on his way to a prayer meeting, Gandhi was shot dead

Forties Popular Culture

The late 30's and The war in the 40's changed many things and one of those was how black sportsmen became popular heroes and paved the way for future generations, these included Joe Louis ( Boxer ), Jesse Owens ( Runner ) and Jackie Robinson ( Baseball Player ). Find Out More About The History Of Baseball including the Jackie Robinson and other great players

Some of the Most Well Known Movie Stars of the Forties
Clark Gable couple of his films from the 40's
The Hucksters and
Bob Hope couple of his films from the 40's

Bing Crosby couple of his films from the 40's

Humphrey Bogart couple of his films from the 40's

Abbott and Costello couple of films from the 40's

Gary Cooper couple of his films from the 40's

Spencer Tracy couple of his films from the 40's

James Cagney couple of his films from the 40's

Music From The 40's
  • Rhythm and blues Music becomes popular and the beginnings of Rock and roll

World War II 1940's

The Forties were dominated by World War II , and after a long period of Economic Recession throughout the world, starting with Wall Street Crash in 1929 and through most of the 30's, the world would be a different place after the 2nd world war ended. As so often happens during war technological advances in any technology that is seen to provide some advantage jump in leaps and bounds the 40's provide some of the best examples
America helped fund the war by issueing War Savings Bonds, for each $75.00 American's invested 10 years later they would pay out $100.00
The first ever use of a Nuclear Bomb during wartime when the US bombed Hiroshima and Nagasaki in Japan.
Major advancements in radar to help with tracking Enemy aircraft which after the war changed the aviation industry
The improvements in the use of Jet Engines
The use of unmanned rockets as a weapon ( V2 ) to carry bombs
Mans inhumanity to Man exceeded anything preceding with the use of concentration camps as part of "The Holocaust " the name applied to the systematic state-sponsored persecution and genocide of the Jews
More About Hiroshima

Sporting Changes In The 40's

Baseball Stars are quick to join the forces and fight for their country
Following the end of world war II Jackie Robinson signed a contract to play first base for the Brooklyn Dodgers, breaking the color barrier in baseball.
Other Leagues created earlier fall by the wayside and the National Basketball Association NBA comes to the fore
Association Football (Soccer)
The famous Latin goal call is first heard, when Brazilian radio announcer Rebelo Junior. shouts (GOOOOOOOOOOOOOOAL) during a soccer match.
American Football
Notre Dame / Fighting Irish win four championships
The platoons introduced using different players for offense and defense
Ice Hockey
Rocket Richard
The center red line Introduced
The first All-Star Ice Hockey game
The first All-Star Ice Hockey game
For More Sporting history, Origins, Events and Changes, Please Check Out Our New Sports History Section.

Technology From The Forties

  • Jet Engines, Radar and Nuclear Fission technological advances due to the war
  • Colossus, the world's first totally electronic and digital computer
  • First Supersonic faster than sound Flight ( Chuck Yager )
  • First Transistor developed

Inventions The Year Invented Inventors and Country ( or attributed to First Use )

45 rpm Record ----- 1949 USA
Artificial Intelligence ----- 1947 England by Alan Turing
Atomic Bomb ----- 1945 USA by Robert Oppenheimer's team
Atomic Power ----- 1942 USA by Enrico Fermi's team creating first self-sustaining chain reaction
Aqualung ----- 1943 France by J Cousteau and E Gagnon
Automation ----- 1946 USA by Henry Ford
Computer ----- 1948 England by Freddie William's team
Guided Missile ----- 1942 Germany by Werner von Braun
Hologram ----- 1947 Hungary by Denis Gabor
Kidney Dialysis ----- 1944 Netherlands by Willem Kolff
Long Playing Record LP ----- 1948 USA made of vinyl and played at 33 rpm
Microwave Oven ----- 1946 USA by Percy L Spencer
Mobile Phone ----- 1947 USA
Napalm ----- 1942 USA from Harvard University
Transistor ----- 1947 USA from Bell Laboratories
Velcro ----- 1948 Switzerland by George deMestral