USA HISTORY

WORLD WAR II 1941 1945

THE START OF THE SECOND WORLD WAR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How did World War II effect the US economy
A
World War II helped the US economy improve
B
World War II had no effect on the US economoy
C
World War II prevented the US economy from growing
D
World War II caused the US to slide farther into the Great Depression
Explanation: 

Detailed explanation-1: -Our involvement in the war soon changed that rate. American factories were retooled to produce goods to support the war effort and almost overnight the unemployment rate dropped to around 10%. Women went to work to fill jobs that were traditionally held by men.

Detailed explanation-2: -The war brought full employment and a fairer distribution of income. Blacks and women entered the workforce for the first time. Wages increased; so did savings. The war brought the consolidation of union strength and far-reaching changes in agricultural life.

Detailed explanation-3: -Driven by growing consumer demand, as well as the continuing expansion of the military-industrial complex as the Cold War ramped up, the United States reached new heights of prosperity in the years after World War II.

Detailed explanation-4: -The private economy boomed as the government sector stopped buying munitions and hiring soldiers. Factories that had once made bombs now made toasters, and toaster sales were rising. On paper, measured GDP did drop after the war: It was 13 percent lower in 1947 than in 1944.

There is 1 question to complete.