The Effect of WW2 Flashcards
How much did Federal expenditure increase by 1940-44?
1940 - $5.3bn Budget ($1.9bn defense)
1944 - $97.2bn Budget ($90bn defense)
Which % of the war was paid for by tax?
41% (as opposed to 33% of WW1)
What was the highest rate of income tax?
94%
How many more Americans paid income tax by 1945?
10 times more - taxation revolution
When were the Neutrality Acts 1935 and 1937 revoked?
1939, allowing nations to buy arms but NOT loans
The orders subsequently placed by GB and France revived the US economy
When did the US begin to rearm?
1941
What did Roosevelt spend on the US Navy in 1940?
$4 billion
What did Roosevelt increase the army to in 1941?
1 million men and 7800 aircraft
How many more tons of steel did the USA produce than Germany?
6million tons
What was the unemployment level in 1941 vs 1943?
1941 - 14%
1943 - 2%
What was the GNP in 1941 vs 1945?
1941 - $91 billion
1945 - $214 billion
What is an example of government technological investment?
51 new synthetic rubber plants were built
How many people moved to California and why?
2 million - it was a centre of military production
How many orders for aircraft were placed from abroad by 1940?
10,000 aircraft orders
How much did infant mortality fall by in the war years?
1/3
How much did farm income increase in the war years?
4 times