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Impact of WWII on the U.S. Economy

oesn't matter. Uncle Sam pays most of it anyway." You could spend money very freely. It was the government's money.

When we started out, our net worth was $65,000. I told my partner, with all the problems coming up--rationing, shortages, labor scarcity--if we could hold on to this at the end of the war, we'd have done a good job. Instead, business jumped crazily. You could sell anything you got, it just walked off the shelves (Terkel, 1984, p. 311).

Changes for the better in the capital economy were not the only ones that occurred as a result of the war footing. The labor economy also began to recover decisively from the Depression, particularly after America entered the war. Economic necessity aggravated by the Great Depression had the effect of changing the shape and gender composition of the American labor force before the US entered the war. By 1940, 11.5 women were employed, and 15.5 per cent of all married women were also employed, up from some 11 per cent in 1930. By and large, these women were engaged in blue-collar or domestic-servic

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Impact of WWII on the U.S. Economy. (1969, December 31). In LotsofEssays.com. Retrieved 17:30, April 25, 2024, from https://www.lotsofessays.com/viewpaper/1705150.html