WWII Notes 5 Flashcards
what is Inflation
a general rise in the level of prices
What happened when inflation happened
the value of money went down, meaning everything became more expensive
What is the office of price administration OPA
it was to fight inflation by freezing prices on goods
what happened with OPA
- congress raised taxes, which meant Americans had less money to spend and reduced their demand for scarce goods. -inflation remained below 30% for the entire period of WWII
what was the war production board WPB
it made sure that the armed forces and war industries received the resources they needed
what happened with WPB
- decided which companies would change to wartime production
- distributed raw materials to key industries
what was rationing
creating fixed amounts of goods deemed essential for the military
what happened when rationing was being used
- American families at home were limited on food they could buy
- certain foods were preserved for the military (coffee, meats, sugar, shoes, etc.)
what was the office of scientific research development OSRD
it focused on improvements in technology
what happened with OSRD
- led to radar and sonar
- helped develop bombs and guided missiles
- pushed the use of pesticides to fight insects, which helped soldiers with body lice
what was the manhattan project
a program to develop their own bomb
what happened with the manhattan project
- considered the most ambitious scientific enterprise in history
- $2 billion
- 600,000 Americans employed
- considered best kept secret of the war