fewer manufactured goods were produced after the war
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The American government had no direct effect on the Holocaust. Obviously, the defeat of Nazi Germany by the Allies ended the genocide. I wonder if you are mistakenly equating the Holocaust with World War 2.
One of the ways that the European Nations were able to rebuild economies devastated by World War I was by using the funds required to be paid by the Germans in the Treaty of Versailles.
The economies of Western Euopean recovered quickly after World War 2 in part because of aid from the Marshall Plan.
I am not being facetious: The biggest effect of World War I was World War II.
Americans could invest in luxury goods like radios and automobiles, while European economies struggled to rebuild and grow. The postwar boom continued into the Roaring 20s.