The economic impact of WW2
- Created by: heyitsmenium
- Created on: 18-03-18 15:41
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- Economic impact of WW2
- Big Business and the war effort
- Roosevelt was determined to make use of the leading US businessmen
- To provide the needs of war, Roosevelt called in other industrialists and asked for their advice on meeting the demands of wartime production
- Roosevelt was determined to make use of the leading US businessmen
- The effects on war
- The second world war enabled the US to expand their industrial and military complexes on a huge scale
- They became the most powerful economy in the world.
- The Great Depression was left - There was a lot of jobs.
- They became the most powerful economy in the world.
- The second world war enabled the US to expand their industrial and military complexes on a huge scale
- The workforce
- About 16 Million men and women served in the U.S armed forces.
- This meant more workers were needed in the home front. Bought the depression to an end - gave 14 million people work in factories
- About 16 Million men and women served in the U.S armed forces.
- War Bonds
- People who purchased war bonds began to cash them in - amounting to almost $200 Billion
- Rationing
- American People wanted to leave rationing behind and buy consumer goods
- Automobile companies
- America was dominared by the "Big 3" - Ford, Chryster and General Motors.
- Defence Spending
- The rise in defence spending helped sustain the economic boom
- In 1948, the budget for war spending was $11 Billion. In 1950s, defence spending was $40 Billion - $50 Billion a year
- The rise in defence spending helped sustain the economic boom
- Big Business and the war effort
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