How Did Ww2 Affect The Economy

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World War II, fought from 1939- 1945, was an instrumental period in American history. World War II brought the United States out of the Great Depression by providing more job opportunities and encouraging the government to expand their spending. The Great Depression was a time in United States history in which there was a massive economic collapse, caused by a multitude of events. Economic historians have decided that the Depression can be tied to overproduction and underconsumption months before the economy crashed.1 As companies found cheaper ways to produce products like cotton, they often produced far more than they would sell. While the market was crashing, some companies decided to decrease their production or even shut down.2 This caused a decline in jobs and a decline in economic output. Even the farmers were barely pinching by, as many had taken out loans to support their prosperity, only to find themselves buried beneath mountains of debt. During the Great War, European countries were reliant on America to provide them …show more content…
The war brought many jobs that had previously been lost due to the Depression. Men and women alike found employment on the West Coast, where they could easily be hired by a shipyard or an airplane factory.5 Women in the workforce became commonplace and were even encouraged to assist in the war efforts. The federal government even funded a daycare program for younger children so their mothers would be able to work full time.6 America, as a country, learned to support each other and work hard. The more than 350,000 women who willingly served in the U.S. Armed Forces, and the more than 6 million who entered the workforce did not go unnoticed.7 The efforts of those amazing women shaped the future of America and played a key role in the American success in the War. These women contributed to the war, which in turn contributed to the end of the Great

How Did Ww2 Affect The Economy

regulate the market and prevent abuses of the kind that led to the stock market crash, and the creation of the Federal Deposit Insurance Corporation (FDIC) to protect the depositor's accounts. Therefore, the Great Depression caused positive and negative affects on our country. World War 2 started after the Great Depression in 1939. World War Two left impacts that changed the future of our country positively and negatively. World War…

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Industrialist and founder of Ford Motor Company. The term is a notion given for the social system of mass production combined with mass consumption of inexpensive goods that was driven by Ford in the 1930's. It became the typical mode of economic growth post WW2 and influenced a social order politically associated with advanced capitalism. The system was to manufacture low-cost goods with unskilled labourers while paying a salary where people could afford to buy the goods they made. It became a business model…

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