The OPA set wages and controlled inflation to help manage the wartime economy.
The OPA set wages and controlled inflation to help manage the wartime economy.
Buying weapons, this put the U.S. into a wartime economy.
Wartime industrial production helped the American economy recover from the depression by giving many millions of Americans jobs.
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.
Some key factors in creating a strong wartime economy were increasing the labor force. Creating government contracts and creating new technologies.
cost plus
The WPB
the north & south found plenty of ways to raise money.
The OPA set wages and controlled inflation to help manage the wartime economy.
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.
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.