1939

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• The Rise and Fall of the Great Powers whole source · open book

  That it could outspend any other country, if the political will existed at home, was clear from the statistics: even as late as 1939, U.S. defense composed only 11.7 percent of total expenditures and a mere 1.6 percent of GNP163—percentages far, far less than in any of the other Great Powers.

  chapter: The Offstage Superpowers

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