Wartime industrial production helped the American economy recover from the depression by giving many millions of Americans jobs.
The Industrial Revolution reduced the time required to make things, which in turn, fueled mass production. It also helped raise the standard of living for Americans and allowed for more consumer spending, aiding the economy.
Rise of American capitalistic economy. Assembly lines- mass production. URBANIZATION.
No, The war actually brought the United States out of the Great Depression. Increased war production and mobilization of the entire country saw our industrial output skyrocket.
In the early 20th Century the American Economy was more industrial based. The American Economy in the 21st Century has seen an outsourcing of much of the industrial sector to economies that have "cheaper" labor. The current American Economy is more technologically and scientifically based.
CCC TVA Social Security WPA All of those things are acronyms created by FDR's administration to help the economy and create jobs during the depression until the U.S. came out of the depression at the start of production for World War Two.
It is a mixed economy, but industrial production has outpaced agricultural production since 40 years ago.
The war in Europe affected the American economy by creating a massive increase in US industrial production as well as stable prices.
The Industrial Revolution reduced the time required to make things, which in turn, fueled mass production. It also helped raise the standard of living for Americans and allowed for more consumer spending, aiding the economy.
Rise of American capitalistic economy. Assembly lines- mass production. URBANIZATION.
The industrial capacity of the US when converted to wartime production insured a steady flow war material to the Allies.
No, The war actually brought the United States out of the Great Depression. Increased war production and mobilization of the entire country saw our industrial output skyrocket.
CCC TVA Social Security WPA All of those things are acronyms created by FDR's administration to help the economy and create jobs during the depression until the U.S. came out of the depression at the start of production for World War Two.
In the early 20th Century the American Economy was more industrial based. The American Economy in the 21st Century has seen an outsourcing of much of the industrial sector to economies that have "cheaper" labor. The current American Economy is more technologically and scientifically based.
That sounds more like China's economy.
Economy means the financial and industrial system of a country. Economy consisted of 3 things. The 3 things that the economy has is production, distribution or trade.
Creating more industries was what ultimately led to recovery of the US economy following the Great Depression. This meant that there was a high production capacity with millions of people working.
When the American economy in the 1920's boomed and then busted. Much money was lost