FLASH CARDS
By April 1917, how many dollars had the US loaned to Britain and France
2.3 Billion dollars
By April 1917, how many dollars had the US loaned to Germany
27 million dollars
In 1914 how much was US munitions trade to Britain worth?
$40 million
In 1916 how much was US munitions trade to Britain worth?
$1290 million
What was US trade worth in 1913?
$2 billion
What was US trade worth in 1916?
$6 billion
In 1914 how many men were in the US army?
120,000
After the draft was introduced, by the end of the war, how many men were in the US army?
Over 3 million
What was the effect of the increase in military size?
Economic boost in all sectors
What was federal spending in 1916?
1.5% of GNP
What was federal spending in 1918?
24.1% of GNP
What did the federal government do to raise money
Increased taxation and with Liberty bonds
From 1916 to 1918 what happened to industrial production?
It rose by 39%
Why did living standards get better?
Because real wages incresed
When did the USA officially join the war?
April 1917