WORLD HISTORY

Detailed explanation-1: -Rationing was used to maintain supply of essential products to the war effort. War bonds and income tax were used for financing the war.

Detailed explanation-2: -Rationing involved setting limits on purchasing certain high-demand items. The government issued a number of “points” to each person, even babies, which had to be turned in along with money to purchase goods made with restricted items.

Detailed explanation-3: -Rationing is the limiting of goods or services that are in high demand and short supply. It is often undertaken by governments as a way of mitigating the impact of scarcity and dealing with economic challenges.

Detailed explanation-4: -Passed on March 11, 1941, this act set up a system that would allow the United States to lend or lease war supplies to any nation deemed “vital to the defense of the United States."

Detailed explanation-5: -Rationing controls the size of the ration, which is one’s allowed portion of the resources being distributed on a particular day or at a particular time. There are many forms of rationing, although rationing by price is most prevalent.

Detailed explanation-6: -Rationing was a means of ensuring the fair distribution of food and commodities when they were scarce. It began after the start of WW2 with petrol and later included other goods such as butter, sugar and bacon. Eventually, most foods were covered by the rationing system with the exception of fruit and vegetables.