WW2 relating to Depression Flashcards
1
Q
How did WW2 help the US economy recover from the depression?
A
- Cash and carry scheme
- Employment
- Gross national product doubled during war
2
Q
What was the cash and carry scheme?
A
Britain, France and America relied on producing weapons for each other
3
Q
How did employment benefit Americans?
A
More people had jobs meaning earning money again (depression left people unemployed + homeless)
4
Q
What is Gross National Product?
A
The total value of goods produced a year
5
Q
How did more Americans become employed in WW2?
A
- Men went to war
* Women produced weapons
6
Q
Why was WW2 not the main reason why American economy recovered from the depression?
A
- New Deal - created by Roosevelt
* Emergency Banking Act - closed banks for 4 days
7
Q
How did the Emergency Banking Act benefit the US?
A
- Restored confidence
* Money improved within 4 years
8
Q
How did the New Deal benefit the US?
A
*Created more jobs for many American people
