Did WW2 Create US Prosperity? Flashcards
Yes
Increased government strength and trade
Cash and Carry
Lend, lease agreement 1941
War industries board 1944
F
Cash and Carry
The act said the US wouldn’t give any aid to any “belligerent nation” (this was the neutrality act)
Wanted to avoid US ships being involved in the cross fire so other countries had to send their ships to pick up the trade
Lend, lease agreement 1941
They would lend weapons etc. To countries who would have pay it back
Benefitted agricultural sector as merchant boats were being sunk + there was a lack of food in Europe. The stored food could be sold
By 1945 agricultural income had gone up by 250%
War industries board 1944
Dictated prices and production for all industries
FDR “America will be the Arsenal of democracy”
Rationing programme 1942 set limits on gas, food and clothing consumers could purchase
Yes
Increased production.
Agricultural sector-were producing for all of the Allied countries so production rose and income rose by 250%
Federal civilian employment rose from 1.1m to 3.4 m in 1944
Created heavy duty military transport ships that could hold 3000 jeeps and 440 tanks
GNP rose to 210b in 1944 from 100b in 1940
US created 96,318 aircraft compared to 67,987 made by the opposition
Yes
Created improved relations between Govt and Business
Henry Kaiser
Henry Ford
Henry Kaiser
Controlled the biggest construction company (built dams) claimed he could build a liberty ship in 4 days
He used a vast assembly line and advanced wielding techniques
He was associated with revolutionising American ship building
Henry ford
From 1942-1945 Ford shut down civilian vehicle production to dedicate all its resources to the war effort
Created Willow Run which was the worlds largest airport factory (assembly line was 1,600 meters long)
No
New deal effects
The new deal cut out the “deadwood” in the economy
Poor share croppers had abandoned their small holdings (AAA) and became industrial workers
Inefficient coal miners and textile factories closed
The new deal revived the economy in some way (EBA and EBRA)
No
Growth of automobile industry
Us produced 62% of worlds oil
1946- 2.1m owned cars 7.9m by 1955
1957 the auto industry accounted for 1/6 of entire US workforce
United automobile workers 1948 guaranteed wage levels
No
Baby boom
In 1946 there were 3.4m babies born but by 1964 there were 76. 4m babies
Had a knock on effect to the consumer market-each baby was worth $800 to the producers of baby and child products
