pages 36-37 of USA A5 booklet (Economic impacts of the Second World War). Flashcards
When did WW2 start and when did America join?
WW2 began in 1939, however the USA only joined in 1941 when the Japanese bombed Pearl Harbour.
What had happened to the USA’s military budget in 1941 compared to that of 1940?
By 1941, military budgets were 4 times that of 1940.
How much had the Government spent per day by 1945?
The Government spent $250 million per day by 1945.
What did FDR set up in 1942?
In 1942 FDR set up the War Production Board.
Who was in charge of the War Production Board set up by FDR in 1942?
Industrialist William Knusden
What was the result of the War Production Board?
As a result, 80% of military contracts went to just 10 firms.
From 1941-45, how many planes did the USA produce?
296,429 planes
From 1941-45, how many tanks did the USA build?
102,351 tanks
From 1941-45, how many artillery pieces did the USA build?
372,431 artillery pieces
From 1941-45, how many guns did the USA build?
20 million guns
From 1941-45, how many rounds of ammunition did the USA build?
44 billion rounds of ammunition
By 1945, what rate were cargo ships being made?
By 1945, shipbuilders were making a cargo ship each day.
How many machine guns did the USA produce?
The USA produced 2.6 million machine guns.
How many warships did the USA produce?
The USA produced 86,000 warships.
What happened to the USA’s GNP between 1939 and 1945?
The USA’s GNP increased from $91.3 billion in 1939 to $166.6 billion in 1945.
How much more money did consumers have to spend during the war, what was the downside of this?
Due to the war consumers had 50% more money to spend on consumer items, however the prices also went up 31% during the war.
How much did workers contribute to the war by buying war bonds?
Workers contributed $129 billion to the war effort by buying war bonds.
How many workers worked in factories?
14 million workers worked in factories.