Did The prospects of World War 2 boosted the American economy?

Answer 1

America was united against the Nazi & Japanese threat during World War Two.The factories of World War Two were either already producing war-materials, or, as in the case of Ford Motor Company, they were adjusting their assembly lines to fit the needs of war. Other factories followed suit, and eventually, America became a powerhouse, producing thousands of tons of war materials every day. With the more production of war materials, more people were needed to produce these materials. Simply supply and demand. The demand was fed by the war, the supply was provided by the factories in America, hence, the war was dependent on the factories, therefore boosting the economy enormously.

Answer 2

The prospects of World War 2 vamped production in industry. There were assembly lines in factories preparing to make war materials. This caused supply and demand to play an important role. As more war materials were needed, more people were needed and more lines were needed to manufacture them. America ended up becoming a well stocked power house industry in WW2.

Answer 3

The American economy was stimulated by the war in these ways:

• The war manufacturing required millions of workers of all ages, gender and races. People who had not had jobs for years due to the depression were finally able to get work.
• Manufacturers were able re-open factories that had been shut down during the depression. So big business was able to hire and operate in full again. Some manufacturers changed from making their own products to creating war items. Some just added the war items to their factories while continuing to produce their own products.
• The War Bond drive improved banking and community economic spirit.
• New inventions for the war also stimulated the economy and continued long after the war.
• Women were able to earn extra money while their men were away at the war front. Some of the money they saved, some of it was used to buy war bonds and the rest went to childcare and living expenses (subsidizing the lower incomes the some of men had while serving in the war)
• Importing foods, goods and military equipment also boosted the economy.