World War II: The Decline Of The Economy

How Social and Economic Changes were effected by World War II shape American modern life?

World War II brought several changes to the world and specifically America. It not only changed the world map but also set impact on the behaviours. WWII played a major role in building turning points during different periods. Before WWII, African Americans were not offered equal rights in the community. It was considered an impossible thing that African could ever do a white collar or even a blue collar job. However, soon after the WWII, there came a turning point in the lives of African American with the Civil Rights Act in 1964.

World War II is a great example of how war helped the US strengthen their economy because ending the policy of isolationism and joining the war ended the Depression. In the 1940’s, when the US was isolated from the rest of the world due to the Great Depression,

Modernism began around the late 1800s or early 1900s, with artists and writers in Europe producing many extraordinary and influential works. This period spans many events, including both World Wars and the Great Depression. World War I appeared to be a major event that helped to start Modernism; this was because of the destruction and ruin that came from it and events that followed. This poem is consistent with the values of Modernism because of alienation, time, and self- consciousness; however, it continues to resonate with readers today because isolation, change, and insecurities are things that humans may face.

Final Exam: Between the beginning of World War II and the present decade, the United States underwent significant reform through key legislative acts, which addressed race relations, poverty, and gender. Explain these different categories of reform, their early proponents, their evolution into legislation, and whether or not this legislation truly addressed the issues.

A common modern belief is that war leads to a positive outcome within the United States economy. Despite this, the Vietnam War had a negative impact on the United States economy. The United States experienced an increase in the national debt as a result of the Vietnam War. This led to significant inflation in the United States. Inflation in the US caused by the Vietnam War then led to an increase in federal taxes in the United States. Therefore, the Vietnam War had many negative economic consequences for the United States including an increase in national debt, inflation, and federal taxes.

People believe war can help the development of mankind and country. Stated by Emile Zola in her book The Origin of the First World War, “It is only warlike nations which have prospered; a nation dies as soon as it disarms. War is the school of discipline, sacrifice and courage” (Document 1). Zola’s point is very true. After years of war, the winning country can always gain some sort of profit.

War stimulates growth, especially for countries that participate in it, but aren't experiencing it on their soil. Not experiencing the war first hand allows for the major focus of war to be the production and mobilization of the nation. In many cases, surprisingly, it is healthy for the economy and production of a country that is mobilizing for war. For example, as America entered WWII, her “GNP rose 15%... the great depression… was thus resolved because the state ‘primed the pump’ of economic demand by means of huge order…” (Source B). Essentially, the war ended the Great Depression in America and boosted her to be the mighty manufacturer she is today. After WWII, many soldiers came back and continued to stimulate the economy and increase manufacturing and population. Women during wartime, gained more freedoms and rights, as they took over jobs men occupied before they left to fight. As well as women, African Americans gained more freedoms and they strived for Civil liberties following the war. Without the war, what would America look like today, would women and African-Americans have gained more

If the emotional effects of the war were not enough, the war also hit the US economy. All wars throughout history have had a transformative effect on the economies of the participating nations. The Vietnam War severely impacted the United States’ economy due to the amount of product that the war required. A factory that would normally produce a consumer good would instead be used to produce bullets, uniforms, artillery, etc. all for the war effort. The GDP of the United States was altered from it's growing state in the early 60’s. The change in factory production from consumer goods to military goods caused controversy in the eyes of the people over the government’s use of economic policy. Money was going out, but no money was coming in. The US progressively saw more and more change to its economy. War brings on, debt and bills in large

The United States keeps sending troops to where they think we can help such a Korea, Afghanistan, Vietnam, Iraq and so forth. The cost of these wars in high and we have to change to wartime production for each one. After World War 2 the United States was at war with someone for the majority of the time, and if it wasn’t war we would occupy smaller countries to try to help. These drained our country’s resources and impacted our economy greatly, each president had to deal with some military campaign or another and that affected the civilians as well because important family members would be sent overseas and the majority of the time they were the providers for the house. This would impact work because people who normally work in business and factories are sent out of the country leaving their jobs behind. War has always put a drain on Americans resources and economy, and each war has had a different impact on the civilian populous sometimes positive sometimes

The New Deal and World War II both had an effect on race relations in the American West. President Roosevelt’s New Deal was an attempt to fix the hardships of the Great Depression. The Great Depression brought about a change in ideology and opinion that made the New Deal possible because of public support to fix the burdens felt by many Americans, not just whites. World War II brought fear, intolerance and increased racism toward minority groups in the West, specifically Japanese and Hispanic. Class and ethnic differences, as well as wartime tension led to growing hostility between whites and immigrants. However, the New Deal and World War II also improved on previous race relations resulting in shifts in Native American communities, ideology and their place in society. Both the New Deal and World War II were large scale, impactful events that shaped race relations negatively and positively during the first half of the twentieth century.

In the economic aspect, the war ended the Great Depression. (Winkler,1986) In 1940, money was being spent to aid the war effort and in return boosted the American economy. (Winkler,1986) The production of war necessities such as weapons opened up door for the unemployed. (Winkler,1986) Millions of unemployed Americans returned to work to make the weapons of war needed to protect the United States. (Winkler,1986) “During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled.” (Goodwin,1992) War needs directly consumed over one-third of the output of industry causing a slight decrease in consumer goods production. (Goodwin,1992) U.S economy converted to wartime production therefore most consumer goods were

     When Hazlitt wrote about how war affects economics, he wrote about this subject brilliantly. The best example Hazlitt used had to do with the broken window. He said that if a window breaks for a certain business, it is better for the economy. If a window is broken for a certain business and takes a few thousand dollars to fix, it would be a small price to pay to increase the economy. The economy would give jobs and pay wages to the repair the window. Hazlitt’s point is that sometimes there is a blessing that comes out of destruction. For example, the Civil War had a positive affect on economics. During and after the war, there was tremendous growth in industry, railroads, and others. But this came at the price of destroying land and life as well. “The war, in short, changed the postwar direction of effort; it changed the balance of industries; it changed the structure of industry” (Hazlitt p27). The reason for this growth is because it takes a lot of energy and a lot of stimulation to get the economy back where it was before the war, because the money that the government used to supply the war came from certain industries. A commodity had to be subtracted in order to supply the needs for the war. After the war, it is a great chance that

War is controversial, unfortunate, and certainly misunderstood; it is a transforming agent, a catalyst for change. Nonetheless, many people focus on war's negative consequences, while positive effects are downplayed. War is a necessary evil in the sense that it stabilizes population, encourages technological advances, and has a very high economic value. Without war, the overpopulation of the human race is inevitable. It is this reason that war is a useful tool by not only Mother Nature, but also humans themselves to institute population control.

Wars are expensive (in money and other resources), destructive (of capital and human capital), and disruptive (of trade, resource availability, labor management). Large wars make up severe shocks to the economies of participating countries. Despite some positive aspects of short-term stimulation and long-term destruction and rebuilding, war generally impedes economic