AMERICAN IMPERIALISM 1890 1919
THE UNITED STATES IN WORLD WAR I
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They lowered prices so people could afford to buy scarce goods.
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They switched production to making military goods.
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They gave discounts to customers who were in the military.
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They refused to use machinery that was made in Germany.
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Detailed explanation-1: -Besides turning industries around to wartime production, U.S. industries also supplied much of the military equipment needed by the Allies, including the United Kingdom and the Soviet Union.
Detailed explanation-2: -America’s response to World War II was the most extraordinary mobilization of an idle economy in the history of the world. During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled.
Detailed explanation-3: -Problem: The economy needed to be converted from consumer production to military production. The government created a new agency (the War Production Board) to manage the conversion and to mobilize businesses behind the war effort.
Detailed explanation-4: -The approval of the Lend-Lease Act shifted the U.S. economy into a wartime economy. Many businesses moved from the production of consumer goods to the production of war supplies and military vehicles. American companies began producing guns, planes, tanks, and other military equipment at an unbelievable rate.