The war and the economy Flashcards
What happened to unemployment rates between 1940 and 1944?
Decreased from 13.9% to 1.2%.
What % of women were employed by 1945?
60%
How much employment did black Americans find in federal govt?
rose from 50,000 in 1939 to 200,000 in 1944.
What happened to GNP between 1939 and 1945?
Rose from 91.3 billion to 166.6 billion.
What happened to the number of teens in the workforce during the war?
Rose from 900,000 in 1940 to 3 million in 1944.
What attitude did teenagers have to education in the war years?
Felt it was irrelevant. Numbers in high schools fell from 6.6 to 5.6 million due to wanting to contribute to the war effort and being encouraged by employers to do so.
What tax rates were those earning over $200,000 facing during the war?
94%
What happened to the % of national income taken by the richest 1% during the war years?
Decreased from 13.4% to 6.7%
What happened to prices and wages during the war years?
Prices rose by 28% and wages by 40%.
How much aircraft and tanks did the US produce between 1941 and 45?
86,000 aircraft and 290,000 tanks.
What happened to farm incomes between 1941 and 45?
Grew by 250%
What happened to the issue of overproduction during the war?
It was negated due to large demand from abroad meaning America was the world’s largest exporter of food.
How many women entered the workforce in 1944 alone?
6.5 million
What % of teenage boys found employment?
66%
What issues arose due to the growth of teenagers working?
Growth of disrespectful behaviour and unsocial behaviour. Joined gangs such as Zoot suiters and were blamed for increases in crime.