economic impact of ww2 Flashcards
why did america not want to get involved in ww2 originally?
america was still facing effects of depression, even though new deal was in place
why did america get involved in ww2?
they felt they had to after japan bombed pearl harbour
what was the lend lease programme?
us government supplied allies like uk and ussr with weapon and military
how did lend lease programme benefit america?
saw production of war supplies increase
helped to reduce unemployment
boosted economy
how did farmers benefit from ww2?
there was growing demand for food in europe, which saw more customers and increase in prices
how did us economy prosper when america joined the war?
government spent lots of money to help factories to cope with war time industry
traditional industries, like coal, iron and steel, were boosted by war demand
provided many people with jobs in factories and agriculture