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Effects of World War II on the economy of the United States
Short note on the effects of world war 2
World War 2 effects on people
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1.. At the end of World War II, the United States faced several economic problems. The biggest issue was that the country’s industries during the war were completely focused on supporting the war, so when the war ended, industries had to go back to normal. People were so used to rationing because there was a lack of products overall, and with the war over, the whole country had to try to return to normalcy. Veterans came home to shortages of food and consumer goods, and were left without jobs. Additionally, there was a scarce number of automobiles being produced, which was the complete opposite of what people were used to before the war. Prices of products quickly grew larger than average wages for jobs, and a wave of strikes broke out around the country. Truman’s reaction to this was the implementation of the Fair Deal. This plan would build on the New Deal, coming up with more ways to “ensure greater opportunity for the mass of the people”. With the Fair Deal came things like the Housing Act of 1949, which provided money for local housing agencies to buy, clear, and resell land for housing, and a revitalized Social Security program. The new Social Security program would allow benefits to go up by 80 percent and insurance for 10.5 million additional people. Republicans forced Congress …show more content…
Truman’s Fair Deal, again, built on the New Deal of his predecessor. He planned to build on the New Deal as a way to improve the economy after the war, which although was improved quickly, was initially unstable after the war. Republicans and southern Democrats were wary of each proposal Truman had. They did, however, pass the Housing Act of 1949. This act reaffirmed the federal government’s concern about families who had been left out of many markets. The act provided money for local housing agencies to buy, clear, and resell land for housing. However, this plan didn’t work as it was intended to, but did succeed in establishing a goal of decent housing for American
During the aftermath of World War I great change was happening to America’s society. Of the nations that were involved in the worldwide conflict from 1914 to 1918 no other nation experienced prosperity socially, politically, and economically as quickly as did the United States of America. The middle-class American suddenly became the most important component to the growth of the American economy. As the purchase of luxuries, the automobile in particular, became more available to middle-class, opportunity in the housing and labor industries expanded.
Truman’s accomplishments in his domestic policy were impressive, considering the hardships the nation was experiencing as World War II came to an end, and the resistance of Congress (which was greatly made up of Republicans and conservatives) to liberalism. The president was able to pas...
President Franklin D. Roosevelt’s New Deal was a package of economic programs that were made and proposed from 1933 up to 1936. The goals of the package were to give relief to farmers, reform to business and finance, and recovery to the economy during the Great Depression.
As a response to the calamity of the Great Depression, President Roosevelt sets forward the New Deal, a series of federal plans that began in 1933. It includes four primary goals: economic revival, job creation, public works investments and civic uplift. The First and Second New Deal have tremendous force during the Great Depression and extend its influences even up until the mod epoch.
The American home front during World War II is recalled warmly in popular memory and cultural myth as a time of unprecedented national unity, years in which Americans stuck together in common cause. World War II brought many new ideas and changes to American life. Even though World War II brought no physical destruction to the United States mainland, it did affect American society. Every aspect of American life was altered by U.S. involvement in the war including demographics, the labor force, economics and cultural trends. During the Great Depression, the American birth rate had fallen to an all-time low due to delayed marriages and parenthood.
...s of the New Deal worked; some did not. The New Deal restored a sense of security as it put people back to work. It created the framework for a regulatory state that could protect the interests of all Americans, rich and poor, and thereby help the business system work in more productive ways. It rebuilt the infrastructure of the United States, providing a network of schools, hospitals, and roads that served the United States well for the next 70 years. For many Americans, Roosevelt was the president who included in his policies the people who had felt excluded (Source XX). Nevertheless, the war was the decisive factor in ending the Depression. It employed people regardless of race and gender and thus eliminated unemployment. It stimulated industry as seen in (Source RRR) and ‘did for the economy what Roosevelt’s New Deal had not been able to achieve’ (Source PPP).
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.
Although wages rose during the war, prices also rose by sixty percent. Because European farm production was disrupted, the United States' agricultural prices rose more than fifty percent between 1913 and 1918, and farmers' income increased significantly. Many farmers saw this as a great opportunity to bring in wealth and borrow money to expand production, but when the high prices of agricultural merchandise decreased, planters faced a credit squeeze. While most men were off at war, many women and blacks took over their jobs, contributing intensely to the Great War, also known as World War I.
The New Deal was a set of acts that effectively gave Americans a new sense of hope after the Great Depression. The New Deal advocated for women’s rights, worked towards ending discrimination in the workplace, offered various jobs to African Americans, and employed millions through new relief programs. Franklin Delano Roosevelt (FDR) made it his duty to ensure that something was being done. This helped restore the public's confidence and showed that relief was possible. The New Deal helped serve America’s interests, specifically helping women, African Americans, and the unemployed and proved to them that something was being done to help them.
FDR’s goal for the New Deal was expressed in three words: Relief, Recovery, and Reform. This was the idea that the ND would hope to provide the relief from the poverty-stricken suffering during the Great Depression. Recovery planned to put the country back together and restore the market’s financial issues, the jobs or the people, and their confidence. Reform provided permanent programs to avoid another depression and to ensure citizens against an economic disaster. The Progressive Movement which targeted urban complications, there was a massive disparity between the wealthy and the poor and the goal was to bring equality into the nation. The movement aimed towards removing corruption and including American citizens into the political process. Additionally, to enforce the government to solve the social issues that were occurring in the late 1800’s and early 20th century, all while balancing impartial treatment into the economic
Prior to the United States entering the war, the major problem in America was the Great Depression. As they watched the war spread, many maintained the “isolationist” mindset because of thoughts of World War I ("World War II."). Tragedy struck on December 7, 1941 when Japanese forces attacked Pearl Harbor. The attack on Pearl Harbor was the action that made the United States question their neutrality and was the last of the of the U.S’s isolation. Due to the tension between the United States and Japan preceding the war, the attack on Pearl Harbor was not much of a surprise ("World War II."). Three days later, Germany and Italy declared war on the United States. Now with the United States joining Britain in the fight against the Axis Powers industries began to produce military goods ("World War II"). Businesses increased because of the need for more people to work in the factories, so unemployment, caused by the Great Depression, lowered. The increase in businesses put an end to the Great ...
... to reorganize and redistribute. In his campaign speech, Roosevelt indicated that people’ living conditions were improved by hydroelectricity; he confidently said that people would continue to help for “the crippled, the blind, the unemployed, and the aged.”[ Richard Polenberg, The Era of Franklin D. Roosevelt 1933-1945, 55.] Roosevelt’ words showed that some of his goals were accomplished-- the TVA brought hydroelectricity which could be used to control floods; the Social Security Act provided welfare to people who needed helps. Roosevelt’s proposal about rights in An Economic Bill of Rights was a response to movement organized by people suffered from discrimination. Actually, people’s thoughts, feelings, and behaviors were all important things which strongly affected the president. These three influential speeches exposed social changes at that time.
The New Deal period has generally - but not unanimously - been seen as a turning point in American politics, with the states relinquishing much of their autonomy, the President acquiring new authority and importance, and the role of government in citizens' lives increasing. The extent to which this was planned by the architect of the New Deal, Franklin D. Roosevelt, has been greatly contested, however. Yet, while it is instructive to note the limitations of Roosevelt's leadership, there is not much sense in the claims that the New Deal was haphazard, a jumble of expedient and populist schemes, or as W. Williams has put it, "undirected". FDR had a clear overarching vision of what he wanted to do to America, and was prepared to drive through the structural changes required to achieve this vision.
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.”
The European nations industry had been devastated during the war and they relied on the United States for most goods. The American industry increased production during the war to meet the demand but over production after the war hurt the American industry and agriculture. The United States industry was producing more than the people were buying. The American farmers were faced with the same fundamental problems of over production (McElvaine 35). During the war in Europe the government encouraged a vast increase in agricultural production. During the war the government subsidized many of the farmers. The farmers borrowed heavily during the war to enlarge their farms to meet the demand. After the war the farmers did not slow production and they over produced (McElvaine 36). The United States imposed high tariffs on goods coming into the country but wanted to sell their good freely in Europe (James 103). Congress passed the Fordney-McCumber tariff of 1922 were they placed tariffs on certain agricultural products which were seldom imported in large quantity to the United States. The tariff should have slowed the agricultur...