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Economics and WWII

Economics and WWII . Post War Review . Depression thousands out of work New Deal boosting the economy but doesn’t get us out of the depression. Manufacturing. Factories switch from making domestic products to making products for war. U.S. Factories make supplies for allied forces.

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Economics and WWII

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  1. Economics and WWII

  2. Post War Review • Depression • thousands out of work • New Deal • boosting the economy but doesn’t get us out of the depression.

  3. Manufacturing • Factories switch from making domestic products to making products for war. • U.S. Factories make supplies for allied forces. • Brings in new jobs for the unemployed. • Large push for minority labor.

  4. Labor • Women enter the work force in large numbers. • African Americans migrate from the South to work in the North. • After increasing for a while wages are put on a freeze to prevent inflation. • Farmers begin mass producing.

  5. Rations • In order to insure ample amounts of supplies needed to fight the war everything is rationed. • Name some of the things rationed during the war. • Cause lots of extra money to lay around.

  6. Raising Money • Bonds • People could not spend money because of rations. So they invested their money in government bonds. • Children could buy bonds a little at a time. • Raised 185.7 billion dollars.

  7. Raising Money • Taxes are raised. • Only pay for 41% of the war.

  8. The End of the War • Debt • as people cashed in war bonds, • Government spent large amounts during war • Government lent large amounts of money to allied countries during the war.

  9. The End of the War • Prosperity • The war mobilization effort brought us out of depression. • The U.S. becomes a world leader and continues to ship large amounts of exports. • Inflation • There is a lot of money laying around. • Lack of labor in South

  10. Mind Map

  11. Mind Map

  12. Mind Map

  13. Mind Map

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