Economics and WWII

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Economics and WWII
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Post War Review

• Depression
• thousands out of work
• New Deal
• boosting the economy but doesnt get us out of
  the depression.

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Manufacturing

• Factories switch from making domestic products to
  making products for war.
• U.S. Factories make supplies for allied forces.
• Brings in new jobs for the unemployed.
• Large push for minority labor.

4
Labor

• Women enter the work force in large numbers.
• African Americans migrate from the South to work
  in the North.
• After increasing for a while wages are put on a
  freeze to prevent inflation.
• Farmers begin mass producing.

5
Rations

• In order to insure ample amounts of supplies
  needed to fight the war everything is rationed.
• Name some of the things rationed during the war.
• Cause lots of extra money to lay around.

6
Raising Money

• Bonds
• People could not spend money because of rations.
  So they invested their money in government bonds.
• Children could buy bonds a little at a time.
• Raised 185.7 billion dollars.

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Raising Money

• Taxes are raised.
• Only pay for 41 of the war.

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The End of the War

• Debt
• as people cashed in war bonds,
• Government spent large amounts during war
• Government lent large amounts of money to allied
  countries during the war.

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The End of the War

• Prosperity
• The war mobilization effort brought us out of
  depression.
• The U.S. becomes a world leader and continues to
  ship large amounts of exports.
• Inflation
• There is a lot of money laying around.
• Lack of labor in South

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Mind Map
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Mind Map
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Mind Map
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Mind Map