WORLD WAR I
CAUSES AND COURSE OF THE WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The U.S. economy fell into a depression.
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The U.S. economy decreased in production.
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The U.S. economy became more capitalistic.
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The U.S. economy expanded in production.
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Detailed explanation-1: -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-2: -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. As a result, there were more jobs available, and more Americans went back to work.
Detailed explanation-3: -What was an effect of the US increase in production during World War II? It gave the Allies the advantage to win the war. How did the Gross National Product (GNP) of the United States change between 1940 and 1944? It more than doubled.
Detailed explanation-4: -Stock prices collapsed first, by the end of 1919. The downturn in wholesale prices came 6 months later. By the autumn of 1920 a severe industrial depression had developed. Factory employment dropped 30 percent from March 1920 to July 1921.