Economics and WWII

Post War Review

Depression– thousands out of work

New Deal– boosting the economy but doesn’t get us

out of the depression.

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.

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.

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.

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.

Raising Money

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

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.

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

Mind Map

In c rease in Taxes

R a ised 1 8 5 .7 b illion d o lla rs C h ild ren 's B on d s

B on d s

R a is in g M on ey

W W I

Mind Map

E xtra S p en d in g M on ey

R ation s

In c rease in E xp orts

M an u fac tu in g

W W II

Mind Map

A frican A m erica L ab or W om en en te r w ork fo rce

L ab or

W W II

Mind Map

In fla t ion P rosp erity L ack o f L ab or in S ou th D eb t

E n d o f th e W ar