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FDR called the US The Arsenal of Democracy. Manufacturing plants were at work twenty-four hours a day. Civilian industries were converted to making arms, munitions, tanks, airplanes, and ships. Virtually everyone who was not in the military had full-time job and worked overtime hours. Even movie theaters remained open around the clock in major cities to accommodate defense plant workers who worked the late shift. Except for shortages in rubber, gasoline, meat, sugar, and housing, the wartime economy boomed.

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10y ago
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10y ago

WW2 was disastrous for the British econmy and took many years to recover.

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11y ago

It affected by using up all of its food and yes the world was effected by it

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Sofia Canizales

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1y ago

it increased wages (apex) :)

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Anonymous

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3y ago

it increased wages (apex)

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Q: What was the effect of world war 2 on the economy?
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Continue Learning about Economics

After world war 2 the us switched from a manufacturing economy to a what kind of economy?

industrial


What is the effect of world war 2 on the palestinian economy?

World War II did not have any serious effect on the Palestinian Economy per se. The effect came when numerous Jews chose to immigrate to Mandatory Palestine following the war because they decided that they would rather not return to the places where they were deported from and would receive only hatred and disgust. This influx of refugees helped the nascent Zionist community declare independence.


What was economic effect of world war 2?

completely ended the Great Depressiontemporary increase in number of women workingmany new technologies and materials introduced that improved the post war economy


How did World War 2 affect economy?

it increased wages


What was true about the economic boom after World War 2?

The American economy became the world's strongest.

Related questions

How did Japan's actions in World War 2 effect Australia?

It went on a war economy, with food and clothing rationed.


What was true of the U.S economy after world war 2?

it was the strongest economy in the world


How was the Nazi Germany economy during World War 2?

As with all wars, it strained the government budget, which in effect worsened the economy.


Was true of the us economy after world war 2?

After World War 2, the US had the strongest economy in the world.


How did the end of World War 2 effect the U.S Economy?

World War II got the U.S. out of the Great Depression and never got any worse from there.


Did World War 2 have a negative effect no effect or a positive effect on Georgia's economy?

World War 2 had a positive effect on Georgia's economy. The war led to increased demand for goods and services, which boosted industrial production in the state. Georgia's military bases also provided employment opportunities, and the influx of federal spending stimulated economic growth.


How did World War 2 effect different countries economy?

it realy affected countries economy it made countries like America control world economy and other countries like third world countries in abadfinancial and cultural condition


How did World War 2 affect economy the economy?

it increased wages


Does Germany's current economy have anything to do with World War I or World War 2?

no the German does not in vole the world war 1 or 2


How was the world's economy affected after World War 2?

badly


How did World War 2 effect the great american depression?

Ended it by providing millions of jobs to the unemployed and they had money to spend stimulating the economy


How did world war war 2 affect the economy?

it increased wages