HISTORY
WORLD WAR II
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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money borrowed from foreign governments
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sale of war bonds
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sale of United States manufactured goods to neutral nations
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printing of additional paper money
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Detailed explanation-1: -To help pay for WWII, the U.S. government relied heavily on the sale of war bonds (lends from citizens to help fund the war. Also contributed to the national debt). WWII impacted the U.S. economically by accelerating its recovery from the Great Depression. Manhattan Project-U.S. project to develop an atomic bomb.
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.
Detailed explanation-3: -During World War I (WW1), war bonds were made available to retail investors, as well as wholesale investors, with the purpose of raising enough capital to finance the governments’ increased military expenditures. There was a strong propaganda campaign designed to appeal to the nation’s sense of patriotism.
Detailed explanation-4: -Supplies such as gasoline, butter, sugar and canned milk were rationed because they needed to be diverted to the war effort. War also disrupted trade, limiting the availability of some goods.
Detailed explanation-5: -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.