What was the economic situation in the United States at the outbreak of World War II? What effects did the war have on economic conditions in the United States?
What steps did the federal government take to manage the economy? And what were the results?
Answer:
An ideal response will:
1. Briefly describe the weak economy and joblessness in the United States at the end of the Great Depression, just before war was declared.
2. Describe how the war effort put almost everyone back to work, reopened factories idled during the Depression, and led to the construction of many new manufacturing facilities.
3. Describe how hourly pay rates and salaries increased dramatically and how this increased peoples' standard of living, despite war-time rationing.
4. Explain the function of rationing and ration stamps and why they were necessary.
5. Explain the roles of the Office of Price Administration and the National War Labor Board in stabilizing the economy and keeping labor/management problems to a minimum.
6. Write a concise and effective conclusion.
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