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World war economic and social impact
How wwii changed the economy in america
World war economic and social impact
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During the Great Depression, America’s economy was merely destroyed. Because less money was available, industrialization dropped, factories were losing, and the number of unemployment increased. Later, during World War II most of the countries were destroyed, however, America’s economy was able to grow. Due to the mobilization of America, The victory gardens, the rationing, and the urge to produce more to fight better, America’s production increased in order to support its military. Also, different types of industry that wasn’t available before the war started to develop during the war. So, employment started to increase, thereby increasing the economy. Moreover, it was able to fund other countries with weapons and products necessary for the war, and in alliances America was mainly the provider. After the war, when the Americans’ soldiers came back, with a huge number of factories and high number of people ready to work, production flourished. Thus, America started to recover economically and become more powerful. World War II transformed America’s economy from a depressed …show more content…
one to a global hegemony by war bonds, war production, mobilization, a sudden increase in employment, and a developing industry. The stock market crash, October 1929, started the great depression. This led to a huge decrease in shares and investors. Which made the businesses afraid that the production would drop, so they decrease the production rate. In 1931, the production was decreased by half its rate . Also, people started to get low on money, so fewer goods were sold. Companies started to get weak, and it didn’t have enough money to pay the workers, so they started decreasing the number of workers, causing a huge increase in the number unemployment. In 1939, 13 to 15 million Americans had no jobs . Even though, most workers were fired, the remaining portion also received low wages. All of this caused shortage in food, starvation, and a huge number of homeless people. On the other hand, farmers also were affected. They had low money, making them unable to harvest, and leading to the loss of their farmlands. Less farming also lead to shortage in food supply. Also, the people who used to invest in the banks feared they wouldn’t get their money back. So they wanted to take their money out of the banks, putting more pressure on the banks that already had low money. Also, in 1939 half of the banks collapsed, and the remaining banks stopped giving loans to be able to repay the money back. However, businesses, which depended on bank loans to keep their factories or companies working, were completely destroyed; causing another increase in the unemployment rate. The great depression resulted in a huge dropped of America’s gross domestic product from $103.6 in 1929 to $56.4 in 1933. As a result of the chaos that happened during the Great Depression, there were many attempts to end it, such as the New Deal by the U.S. President Roosevelt. Franklin D.
Roosevelt became the U.S. president in 1932; he made an attempt to stop the Great Depression by The New Deal, which was based on the idea that the government’s money can save the economy. The New Deal gave jobs for people in governmental projects and also saved the banks from the chaos. However, the new deal didn’t overcome the unemployment issue and the jobs given to the people were only for a short period of time. Also, most of the government’s project created lost much more money than it gained. To be specific, Roosevelt created the Tennessee Valley Authority, which was based on building dams and hydroelectric power, this employed up to 8.5 million Americans; however, the projected costed a huge amount of money and the people were unemployed after the work was done. Franklin’s attempt to end the great depression wasn’t as effective as World War II’s boom in industry and
employment.
The era of the Great Depression was by far the worst shape the United States had ever been in, both economically and physically. Franklin Roosevelt was elected in 1932 and began to bring relief with his New Deal. In his first 100 days as President, sixteen pieces of legislation were passed by Congress, the most to be passed in a short amount of time. Roosevelt was re-elected twice, and quickly gained the trust of the American people. Many of the New Deal policies helped the United States economy greatly, but some did not. One particularly contradictory act was the Agricultural Adjustment Act, which was later declared unconstitutional by Congress. Many things also stayed very consistent in the New Deal. For example, the Civilian Conservation Corps, and Social Security, since Americans were looking for any help they could get, these acts weren't seen as a detrimental at first. Overall, Roosevelt's New Deal was a success, but it also hit its stumbling points.
The stock market crash of 1929 set in motion a chain of events that would plunge the United States into a deep depression. The Great Depression of the 1930's spelled the end of an era of economic prosperity during the 1920's. Herbert Hoover was the unlucky president to preside over this economic downturn, and he bore the brunt of the blame for the depression. Hoover believed the root cause of the depression was international, and he therefore believed that restoring the gold standard would ultimately drag the United States out of depression by reviving international trade. Hoover initiated many new domestic works programs aimed at creating jobs, but it seemed to have no effect as the unemployment rate continued to rise. The Democrats nominated Franklin Roosevelt as their candidate for president in 1932 against the incumbent Hoover. Roosevelt was elected in a landslide victory in part due to his platform called "The New Deal". This campaign platform was never fully explained by Roosevelt prior to his election, but it appealed to the American people as something new and different from anything Hoover was doing to ameliorate the problem. The Roosevelt administration's response to the Great Depression served to remedy some of the temporary employment problems, while drastically changing the role of the government, but failed to return the American economy to the levels of prosperity enjoyed during the 1920's.
Coming into the 1930’s, the United States underwent a severe economic recession, referred to as the Great Depression. Resulting in high unemployment and poverty rates, deflation, and an unstable economy, the Great Depression considerably hindered American society. In 1932, Franklin Roosevelt was nominated to succeed the spot of presidency, making his main priority to revamp and rebuild the United States, telling American citizens “I pledge you, I pledge myself, to a new deal for the American people," (“New” 2). The purpose of the New Deal was to expand the Federal Government, implementing authority over big businesses, the banking system, the stock market, and agricultural production. Through the New Deal, acts were passed to stimulate the economy, aid banks, alleviate environmental problems, eliminate poverty, and create a stronger central government (“New”1).
The Great Depression was one of the greatest challenges that the United States faced during the twentieth century. It sidelined not only the economy of America, but also that of the entire world. The Depression was unlike anything that had been seen before. It was more prolonged and influential than any economic downturn in the history of the United States. The Depression struck fear in the government and the American people because it was so different. Calvin Coolidge even said, "In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope—nothing of man." People were scared and did not know what to do to address the looming economic crash. As a result of the Depression’s seriousness and severity, it took unconventional methods to fix the economy and get it going again. Franklin D. Roosevelt and his administration had to think outside the box to fix the economy. The administration changed the role of the government in the lives of the people, the economy, and the world. As a result of the abnormal nature of the Depression, the FDR administration had to experiment with different programs and approaches to the issue, as stated by William Lloyd Garrison when he describes the new deal as both assisting and slowing the recovery. Some of the programs, such as the FDIC and works programs, were successful; however, others like the NIRA did little to address the economic issue. Additionally, the FDR administration also created a role for the federal government in the everyday lives of the American people by providing jobs through the works program and establishing the precedent of Social Security...
After the end of World War II, the United States went through many changes. Most of the changes were for the better, but some had an adverse effect on certain population centers. Many programs, agencies and policies were created to transform American society and government.
The Great Depression of 1929 to 1940 began and centered in the United States, but spread quickly throughout the industrial world. The economic catastrophe and its impact defied the description of the grim words that described the Great Depression. This was a severe blow to the United States economy. President Roosevelt’s New Deal is what helped reshape the economy and even the structure of the United States. The programs that the New Deal had helped employ and gave financial security to several Americans. The New Deals programs would prove to be effective and beneficial to the American society.
As the American economy was gradually recovering thanks to the New Deal, Roosevelt decided to increase interaction with neighboring countries. When the Second World War began, Roosevelt saw it as an opportunity to increase production and boost America’s economy. During the 1930 to 1940s, the production of munitions greatly increased. The Second World War significantly increased American economic interaction with South America, Great Britain, and Canada. This lead to greater relations between Latin America and a faster victory as U.S. citizens began to see a shift in economic, political, and social ideals.
President Roosevelt initiated the only program that could pull the U.S. out of the Great Depression. Roosevelt’s New Deal got the country through one of the worst financial catastrophe the U.S. has ever been through. Diggerhistory.info biography on FDR states,” In March 13 million people were unemployed… In his first “Hundred Days”, he proposed, and Congress enacted, a sweeping program to bring recovery to business and agriculture, relief to the unemployed and those in danger of losing their farms and homes”(Digger History Biography 1). Roosevelt’s first hundred days brought relief to the unemployed. He opened the AAA (Agriculture Adjustment Administration) and the CCC (Civilian Conservation Corps.). The administration employed many young men in need of jobs all around the country. Roosevelt knew that the economy’s biggest problem was the widespread unemployment. Because of Roosevelt’s many acts and agencies, lots of young men and women around the country were getting jobs so the economy was healing. According to Roosevelt’s biography from the FDR Presidential Library and Museum, “Another Flurry of New Deal Legislation followed in 1935, including the WPA (Work Projects Admi...
The United States, at the time of World War II, was facing an economic depression which concerned the American public and President Roosevelt because they knew that America’s involvement in the war was inevitable. Most resources state that “the United States entered World War II largely unprepared” (America and World War II 610). However, due to the fact that while preparing for the war there was an increase in economic growth, African Americans and women became more involved in industry and the military, and President Roosevelt incorporated several acts and embargos that encouraged Americans to produce more supplies as well as permitted Britain and France to purchase goods from the United States, it can be argued that America was in fact prepared for its entry into World War II. The external threads of continuity, such as economic, social, political, and geographic factors, had a greater impact on the United States preparedness for war, which resulted in the overall success of the Allied Powers. President Roosevelt was concerned that the American economy, which was in a state of depression, would prevent the United States from successfully preparing for war.
One effect of the Great Depression was the way that he was able to change American culture in such a short time. His actions gave the executive branch of the government an amount of power that they hadn’t ever wielded prior. Presidents of the past would usually just sign what came across their desk. His work with congress initiated all kinds of reform, recovery and relief programs. “Franklin D. Roosevelt introduced programs between 1933 and 1938, designed to help America pull out of the Great Depression by addressing high rates of unemployment and poverty. An array of services, regulations, and subsidies were introduced by FDR and Congress, including widespread work creation programs. The cornerstones of the New Deal were the Public Works Administration and the National Recovery Administration.” (Croft Communications,
World War II changed the world as a whole, but in this essay I am going to talk about how it changed America. After the war, many groups and organizations were created. The United Nations was born on October 24, 1945. This was a group meant to keep peace between nations. Tensions were still high between the United States and the Soviet Union after the war. Nevertheless, things were booming like never before here in our home country. With equal rights for women and African Americans, economic growth, and anti- war organizations became pro- war after Pearl Harbor. These are the ways I am going to discuss to you how World War Two changed our great country.
World War II had left the United States into an economic nightmare, but its resilient nature allowed a hasty return to glory. The United States entered the late 1940's as the strongest, most stable and powerful economy in the world (Wikipedia). Trade surplus and booming business's engulfed the country as the nation initiated into a new period of economic miracle. The deciding factors in this were the record breaking trade surpluses and the raising real income and investments into foreign business. Rising productivity and lowering unemployment allowed the nation to conjure a time where confidence in business and government reigned supreme. in business and government grew greatly, as large industrial corporations accounted for vast portions of the national income.
"No business which depends for existence on paying less than living wages to its workers has any right to continue in this country," - Franklin D. Roosevelt ("Thinkexist.com"). In the middle of the deepest economic recession in the history of the United States, Franklin D. Roosevelt took office and did everything in his power to try and turn the country around. Roosevelt was a very intelligent man and the country believed he would lead them out of the Great Depression (Brinkley). Roosevelt inspired the nation to make drastic changes during the Great Depression with his extensive knowledge, understanding of the people's suffering, and new government reforms.
As a result of the United States joining the war in 1916, industry productions boomed. (Effects of WWI in America) Factories and manufacturers had to keep up with the growing demands of the war effort by solely producing weapons, tanks, airplanes, and any other necessary products. In order to produce more material in a short amount of time, new technologies were developed to help manufacturers meet the needs of the people and government. Also, more employment opportunities opened for women and African-Americans. With fewer healthy, working men in America, women became the main work force, largely employed in factories across the nation. (Effects of WWI in America) African-Americans also became popular in factories as they migrated to cities in search of job opportunities. As industries boomed during this time, so did the economy. According to David Jarmul, "Because World War One left Europe so devastated, industry boomed in the United States to fill the worldwide demand." By the end of World War One, the United States produced more goods and services than any other nation. (Jarmul) Americans had more coal, food, cloth, and steel than even the richest foreign countries. In 1920, the United States ' national income became greater than the combined incomes of France, Britain, Canada, Japan, Germany, and seventeen smaller countries. The Unite...
Aside from national security interests domestic thirst for oil boomed. The war brought us out of the Great Depression. During the Depression a traditionally capitalist American society embraced a kind of socialism with the New Deal. WWII transformed the bear turned in a raging bull. Capitalism was back with a vengeance, charging forward stronger than it had ever been before. The heavy industry built up to sustain the war effort was retooled to meet the demands of the emerging consumerist culture of the 1950s. The new explosion of industrial output became so pervasive that the decade ended with President Eisenhower warning of the dangers of the growing “Military-Industrial Complex.”