How Did Ww2 Affect The Economy

The American economy thrived tremendously after World War II. During this time, more families were able to be considered middle class, thus enhancing our economy. It gave opportunities for families to move up economic classes in order to improve their wealth. The distribution of wealth evened out because of this concept. The programs and situations that concern to expanding the economy were the defeat of Japan and Germany, Baby Boom, GI Bill, Levittown, and Interstates. Furthermore, the programs and situations that concern to wealth distribution were Baby Boom, GI Bill, Levittown, Unions, and Interstates.

Americans, during the 1930s, clearly needed help. Too many were unemployed, struggling, starving, and/or homeless. One of the biggest legacies of the New Deal is that it combated unemployment with jobs in infrastructure. Many agencies and programs were set up to help increase America’s infrastructure and provide many needy people with jobs. One of those organizations was the Works Progress Administration. Incredibly, the WPA employed an average of 2.1 million people annually for a total of almost 8 million people. It had become largest New Deal program and required almost 11 billion dollars to fund it (Friedrich). The WPA was made with one goal in mind: to get people back to work so they can get money in their pockets to survive. The WPA built highways, airfields, public buildings, and did rural rehabilitation such as planting trees. In total, it had built around 110,000 public buildings, 600 airports, 500,000 miles of roads, and 100,000 bridges (“New Deal”). Like the WPA, the Civilian Conservation Corps, had been created to provide jobs, but it was mainly for younger Americans. This program had employed and put 3

The United States has faced many struggles and hard times along with many great accomplishes that has formed the nation the way it is today. 100 years ago in 1914 World War I began and ended with approximately 17 million deaths along with 20 million injured. Following the First War, Great Depression took over the nation, lasting about 10 years, causing banks to close and people to severely struggle. The Nation declared a second war known as World War II in 1939 that lasted 6 years with 60 million casualties. Both of the wars changed the economics, social, and cultural aspect of the nation, machinery technology that was used also changed, and the .

World War Two developed America into what we know it as today. WWII made the United States make some critical economic, political, and cultural decisions in order to help the Allies win. The changes and developments that were made from 1939 to 1945 are a vital part to what the U.S. is today. With every economic, cultural, and political decision came some sort of outcome that would affect history forever. Every decision came either had a positive or negative outcome that drastically changed history and today’s society.

involvement in the war, that brought about economic recovery. Not to say, however, that the New Deal did not have any positive effects on the American economy. Moreover though, this recovery was a direct result of the commitment of Roosevelt and his advisors to exercising the purse strings of the American treasury. In fact, by December 7, 1941, the federal government’s buildup to aid the Allies overseas was showing gains in the American economy. Yet, there can be little doubt that the full-boar spending accompanying America’s fight in the “Good War” was the primary explanation for why America finally escaped the wrath of the Great Depression.

Thesis Statement- World War II got us out of the Great Depression. The quality of American life, however, was precarious during the war. Food was rationed, luxuries removed, taxes high, and work dangerous. Franklin Roosevelt recognized that the war only provided a short-term fix for the economy and a very costly one at that. What would happen after the war, when 12 million troops came home and the strong demand for guns, bullets, tanks, and ships ceased? Roosevelt envisioned a New Deal revival. He had created the National Resources Planning Board (NRPB) in 1939 and urged it during the war to plan for peacetime. The NRPB leaders believed that government planning was necessary to promote economic development. They consciously followed ideas popularized in 1936 by John Maynard Keynes

The start of World War Two led to a rapid economic surge throughout the United States. Factors that caused this included the increased military need for manufacturing, the mobilisation of previously unemployed workers, and the expansion of industry spurred by the war effort. These things, coupled with dramatic spending by the federal government, made manufacturing an influential part of the American economy. Although it is possible that America could have economically recovered without the war, the United States used WWII to propel into an era of strengthened economic influence internationally.

The Second World War had a significant impact on the United States Economy. Before the war, the United States was in depression caused by the crash of the stock market in 1929 and other factors. Those factors including the fall of the gold standard and the fall of many banks. Although the Second World War was a very bloody war it helped the United States overcome many obstacles that came with the depression. Obstacles that included poverty high, unemployment rate family violence and mental health rose. The Second World War helped the depression by lowering unemployment, wartime spending, increasing the gross

Following this further, the 1930s had a significant impact on American life. At the beginning of the 1930s, 15 million Americans were unemployed, only a quarter had wage earning jobs (cite). President Herbert Hoover did not help the economic crisis by saying “patience and self-reliance […] were all Americans needed to get them through this” (cite). However, when it came time to elect a new president of the United States in 1932, Americans elected Franklin Delano Roosevelt, by promising to utilize the power of the federal government to make Americans’ lives better again. In order to accomplish what Franklin Roosevelt promised, he would have to introduce what is called the New Deal, which created a safety net for the millions of Americans suffering

After the war ended, poverty continued to be a very large issue for all countries.

World War II was a period of great economic diversity for the United States Of America. The war pulled America out of the Great Depression and turned it into a superpower that prospered in economic and political power after 1945. The American industry was radically revived and oriented into producing materials for the war effort. This led to a surge in organized labor for workers and bringing together of America.

“In the beginning of Pearl Harbor, the president set goals for the nation’s factories: 60,000 aircraft in 1942 and 125,000 in 1943; 120,000 tanks in the same time period and 55,000 antiaircraft guns.” During the war, 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled. The government funds helped bring the business recovery that had eluded the new deal. America was the only country that saw an expansion of consumer goods despite wartime rationing. By 1944, a result of wage increases. Overtimes pay real weekly wages before taxes in manufacturing were 50 percent higher than in 1939. The war also created entire new technologies, industries, and associated human skills.

WWII is considered the deadliest war in history, causing more than 50 million military and civilian deaths. This war began when Germany decided to invade Poland sparking the help of France and Great Britain. With more than 30 different participating countries, it was a conflict that involved nearly every aspect of the globe. The main belligerents were divided into the Axis and Allies powers. United States, Great Britain and France belonged in the Allies against Germany, Italy and Japan of the Axis. Enormous technological advances were made during the war. The English developed the radar which would later influence the invention of the television. Great progress were made in computers and electronics and provided a foundation for

In 1932, when Franklin Delano Roosevelt took office, the citizens of the United States had possessed sufficient time to realize that they could no longer be proud, but they must take anything they could get. Therefore, the programs set up by FDR’s New Deal program were perfect for the country at the time. These programs helped the people directly, providing relief, recovery, and reform. FDR based his plans on the philosophy of Keynesian economics, where the government spends money to make money. The government gave money and jobs to those in need, who in turn, had money to spend in the marketplace. The demand for products increased, and businesses were able to hire more workers and produce more products, as well as pay more money in taxes. FDR’s plans worked because they gave money not to those who would take advantage of the government, but to those who would use it in the way the government intended it to be used. During FDR’s first term in office alone, the unemployment rate dropped 4%. Because of FDR’s success in bringing the country out of the Depression, I give him an A.

Many children had to quit school in order to help support their families, even if they only sold apples and pencils on the city streets – every little bit helped. In response to this tragedy, when President Roosevelt took office in 1933, he feverishly created program after program, known as the “New Deal.” These programs were created to give relief, create jobs, and stimulate economic recovery for the United States.