Economics and WWII

Post War Review nDnDepression –t–thousands out of work nNnNew Deal –b–boosting the economy but doesn’t get us out of the depression.

Manufacturing nFnFactories switch from making domestic products to making products for war. nUnU.S. Factories make supplies for allied forces. nBnBrings in new jobs for the unemployed. nLnLarge push for minority labor.

Labor nWnWomen enter the work force in large numbers. nAnAfrican Americans migrate from the South to work in the North. nAnAfter increasing for a while wages are put on a freeze to prevent inflation. nFnFarmers begin mass producing.

Rations nInIn order to insure ample amounts of supplies needed to fight the war everything is rationed. nNnName some of the things rationed during the war. nCnCause lots of extra money to lay around.

Raising Money n Bonds –People could not spend money because of rations. So they invested their money in government bonds. –Children could buy bonds a little at a time. –Raised billion dollars.

Raising Money nTnTaxes are raised. nOnOnly pay for 41% of the war.

The End of the War n Debt –as people cashed in war bonds, –Government spent large amounts during war –Government lent large amounts of money to allied countries during the war.

The End of the War nPnProsperity –T–The war mobilization effort brought us out of depression. –T–The U.S. becomes a world leader and continues to ship large amounts of exports. nInInflation –T–There is a lot of money laying around. nLnLack of labor in South

Mind Map