WW2s Impact On The USA
- Created by: _Courtney
- Created on: 09-11-17 09:39
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- WHAT IMPACT DID WW2 HAVE ON THE US ECONOMY?
- Changes In The Governments Role
- government employed almost 4 million civilian workers
- schemes set up by government, such as Office for Civilian Defence, to promote support for the war
- Roosevelt set up War Production Board to organise and provide for the needs of war
- Big Businesses And The War Effect
- Rooservelt called on important industrialists to ask their advice on how to meet demands for wartime production
- vast majority of contacts went to large firms and in return they made a lot of money
- Wartime Production
- coal, iron, steel, oil industries expanded due to government contracts
- 9600 aircraft built in one year, between 1941-45 American factories produced: 250000 aircraft, 90000 tanks, 350 navel destroys, 200 submarines and 5600 merchant ships
- By 1944, the USA was providing almost a quarter of the worlds weapons
- The Workforce
- 16 million men&women served in US armed forces
- in 1944 only 670,000 were unemployed
- 14 million worked in factories
- Black Americans became employed
- 19 million women began working
- General Benefits
- USAs economy was the only one to get stronger
- more than a half of new business were set up
- American farmers provided food for allies
- lots of money was raised by raising taxes and selling bonds
- THIS WAS NOT SHORT TERM
- Now had more money and were trading which allowed their economy to grow
- people began consuming more good, such as cars and TVs, and were able to afford homes
- American population grew
- stock markets opened and companies expanded
- Defence budget increased due to cold war
- Changes In The Governments Role
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