impact of WW2 on american economy Flashcards
how much had wages increased by in the war and what did this mean
50%, wealth was more evenly spread compared to the 1930s
during the 1950s how much of the worlds goods did the usa produce and what did it mean for employment levels
50% and a huge increase in employment as there was an huge demand for workers
what happened to GNP of the usa 1950s
it doubled
how much did the us government spend per day on the war by 1945
$250 million and much of it was given to US factories to produce resources which meant that workers wages were higher throughout the war
what meant that the usa had a steady stream of money coming in each year
they loaned out billions of dollars to other countries during the war which began to repaid after 1945
what products in the us were invented and mass produced
TVs, Washing machines, fridges
