Effect of WW2

Question 1

federal expenditure increase 1940-1944

Answer 1

1940: $5.3bn budget
1944: $97.2bn budget

Question 2

what of war was paid by tax

Answer 2

46%, as opposed to 33% in WWI

Question 3

how many more Americans paid income tax by 1945?

Answer 3

10 times more, called taxation revolution

Question 4

unemployment level 1941 vs 1943

Answer 4

1941: 14%

1943 - 2%

Question 5

GNP in 1941 vs 1945

Answer 5

1941 - $91 billion

1945 - $214 billion

Question 6

How much did farm income increase in the war years?

Answer 6

4 times

Question 7

Which % of women were now employed 1945?

Answer 7

50%

Question 8

How did the gender ratio of car industry workers change 1940 vs 1945?

Answer 8

In 1940, 5% workers were female

In 1945, 50% workers were female

Question 9

What happened to the incomes of the lower classes?

Answer 9

The poorest 20%’s incomes rose 68%

Question 10

How much did the average income of Black people increase?

Answer 10

In 1939 Black people earned 40% of White people’s wages, in 1945 this was 60%

Question 11

How much did corporate profits increase by?

Answer 11

70%

Question 11

How much did corporate profits increase by?

Answer 11

70%

Question 12

Negatives post-war impacts:

Answer 12

• economy not immediately recuperated, boom took 3 years to fully activate
• 12M veterans returned with no jobs to be had
• raw material shortage = hindered progress of manufacturing industries
• unsuccessful Manu industries = labour strikes
• exasperated racial tensions: AAs occupied a lot of jobs of veterans when they returned
• popular jobs (munition factory workers) were war created and no longer needed = 700,000 out of job

Question 13

when were wartime rations lifted

Answer 13

September 1945