How did World War II affect the American economy?

Answer 1

During WW 2 the efforts of production were concentrated mainly on goods that would directly benefit the military. These include of weapons, clothes, and other miscellaneous goods used in the war. Increasing the production of these types of goods lowers the overall production of consumer goods such as foods, clothes, cars, etc. This can be represented in something called the Production Possibilities Curve. This is a graph that depicts the amount of production of both military and consumer goods and how both are inversely related; meaning that if military production goes up then consumer production goes down and vise versa. This leads us into the rationing the US had to go through in order for this to happen. Many had to do without things they would normally have bought such as underwear and tires. Now because of the increased demand for people to work in these factories, jobs were created and more money started to circulate. This combined with the limited spending caused by the rationing resulted in a rise of general wealth throughout the population. Now after the war was over these factories that had been working like crazy to mass produce military goods found themselves needing to produce consumer goods instead. So they started to produce tons of consumer goods which promoted heavy spending by the general population. This combined with a sort of technological boom created a huge increase in our economic growth as a country.

Answer 2

It created Millions of jobs for men in the military, and all the resoucres that they needed were made by women in the factories. The farmers had lots of jobs to do because the world was in desperate need of food so their crisis was over.

Also, since the war never reached the continental US, the US remained as one of the only economies left standing by the war's end. It took Europe and Asia decades to rebuild their ruined infrastructure leaving the US with little competition in the global economy.

Answer 3

It has been said that the impact of World War 2 snapped the US economy out of its depression. So it seems as the economy was placed on a wartime basis production schedule. In fact there was shortage of male workers in defense factories as the draft was put in place to fight a two front war. The US economy was free from attack as France's industry was put to work for Germany which occupied it. England was being bombed from Nazi airbases in France and Germany.

Certain items such as gasoline, rubber and metals were rationed to the public as these products were needed for the war effort. Unemployment dwindled as manufacturers worked overtime to also produce arms and ammunition.

In short the War resulted in America becoming a leader in production and influence. At the end of WW2 continued to prosper as the service men came home.

Answer 4

The beginning of World War Two in 1939 was a boost for the American economy. Lingering in its worst depression in history, the war brought forward an immediate need for all types of products, many of which were related to the wartime needs of Europe. This jump started production and created jobs for the millions of unemployed Americans. When WW 2 brought the US into war, the US government needed factories to produce war related products from fighter planes to ammunition, among many other needs. This too brought about the demand for more goods and helped the unemployment situation in the USA.

Answer 5

In a manner of speaking, the Great Depression of the 1930's was an economic disaster for the United States. It could easily be termed an economy that was broken and needed to be fixed. It should be noted the the Depression in America was also a problem in many other nations in the world, not just the USA. Before and during the war, US factories and farmlands saw an increased demand for war products, food and a variety of other products that were supplied to Europe and to itself, actually. Thus it can be said that the war fixed the US economy.

Answer 6

most people got killed

Answer 7

the great depression