Impact of economic change Flashcards
Why was there a need for new factories to be built in the USA
Due to the beginning of war in Europe
What increased the supply of weapons
lend and lease act
What supervised the production of $183 billion worth of weapons and supplies
war production board
What was responsible for making millions of machine guns and employing 750000 people during the war
General motors
What was set up to control national prices and wages
office of war mobilisation
What production was stopped to produce war materials
cars
What was rationed
cloth material
meat
petrol
sugar
what was responsible for 1.5% of USA’s income
defence industries
What medicine was produced in the pharmaceutical industry
penicillin
How many people served
16 million
how many worked in factories
14 million
How many were african americans were employed in factories
4 million
How many teenage boys were employed
3 million by 1944
What was the arsenal of democracy
USA made weapons for the allies
beat the armies of the axis
What did USA produce during the war
100s of 1000s tanks and aircraft
35000 landing craft
1200 large ships
1000 medium ships
Why did USA not have to worry about their factories being bombed
they had more weapons than their enemies meaning they could replace the losses
What caused booms in car sales and house building
Citizens wanted to spend their money instead of rationing
How much steel was USA making by the end of 1940s
57%
How much of the worlds cars was USA making by the end of 1940s
80%
How much coal was produced by 1930
60%
Who tried to not stop the depression
republicans
why did republicans not try to stop the depression
due to laissez faire
How many passenger cars were there by 1929
23 million
What did consumer debt rise to by 1929
$7.6 billion
