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What do you understand by wartime economy?

Updated: 8/19/2019
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Q: What do you understand by wartime economy?
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How did the office Administration help manage the wartime economy?

The OPA set wages and controlled inflation to help manage the wartime economy.


How did the office of price administration help manage the wartime economy?

The OPA set wages and controlled inflation to help manage the wartime economy.


Britain affected the economy of the United States by?

Buying weapons, this put the U.S. into a wartime economy.


How did wartime industrial production help the american economy recover from the depression?

Wartime industrial production helped the American economy recover from the depression by giving many millions of Americans jobs.


How did the Wilson administration organize the wartime economy?

The Wilson administration organized the wartime economy by establishing a series of centralized planning boards. Woodrow Wilson was the 28th President of the United States.


What were key factors in creating a strong wartime economy?

Some key factors in creating a strong wartime economy were increasing the labor force. Creating government contracts and creating new technologies.


The roosevelt administration used this economic strategy to convert from a peacetime economy to a wartime economy?

cost plus


Who helped organizations the American economy to shift to wartime production?

The WPB


Southern economy affected wartime?

the north & south found plenty of ways to raise money.


How did the office of price administration help manage the war time economy?

The OPA set wages and controlled inflation to help manage the wartime economy.


How do monetary policy control inflation?

Monetary policy can have an impact of inflation. The ideal state of the economy is a balance between inflation and unemployment at 4.3% which is only seen in a wartime economy.


Who had decided whether to continue the social programs of the New Deal and the wartime controls or to allow the economy to recover on its own?

During his presidency, Harry Truman had a big decision to make. He had to decide whether to continue the social programs included in the New Deal and the wartime controls or to allow the economy to recover on its own.