WORLD HISTORY

Detailed explanation-1: -The economy thrived after World War II in large part because America made it easier for people who had been previously shut out of economic opportunity-women, minority groups, immigrants-to enter the work force and climb the economic ladder, to make better use of their talents and potential.

Detailed explanation-2: -Financing to pay for the war came mostly by borrowing from the American people through the sale of war bonds, which raised about $50 billion. Another $150 billion came from financial institutions. During the war, commercial banks alone increased their Treasuries holdings from $1 billion to $24 billion.

Detailed explanation-3: -American industry provided almost two-thirds of all the Allied military equipment produced during the war: 297, 000 aircraft, 193, 000 artillery pieces, 86, 000 tanks and two million army trucks. In four years, American industrial production, already the world’s largest, doubled in size.

Detailed explanation-4: -World War 2 gave jobs to thousands, if not millions, of people in the U.S. Soldiers were paid and some sent money home, men too old to be in the army replaced the men that were at war, and women worked in factories to build aeroplane’s, ships, tanks, etc. World War 2 greatly improved our economy.