The entry of the United States into World War II brought a positive impact on the economy of the country. The unemployment rate decreased significantly after this action.
EXPLANATION:
Furthermore, there are other impacts of involvement of the United States into World War II:
1. Economic Impact of Government Spending
The role of the U.S. government in the war and post-war not to replace private companies, but to start. Without an invasion of deficit-financed government expenditure, American industry would not be able to place the foundation for wealth that occurred after the war. At that time, economists worried that the US would fall into recession or other depression after the war ended in 1945, but the opposite was true.
2. Impact of the Shift to a Peacetime Economy
In the war, the U.S. economy was a directive economy, prices were controlled and many consumer goods were not generated or had limited supplies. Food products were restricted and there was often a lack of everything from milk to nylon. No new cars were manufactured and many industries and companies were taken control by the government for the war endeavor. When the war ended, the command economy and the government's influence on the economy also declined.
3. Impact of Returning Soldiers and the GI Bill
Economists at that time worried about dramatic unemployment as soon as American soldiers got back home after the war. An award-winning economist in the future predicted that the employment prospects would be so terrible that they would make an "epidemic of violence." However, it did not happen due to a combination with a GI Bill that sent past GIs back to school to get a college degree.
4. Impact on American Consumer Spending Habits
Americans who were used to skimping and saving during the Depression and overcoming deficiencies and rationing in the war were ready to use a sum of money on consumer goods. Historians state that economic retrieval depended on Americans buying pieces of machinery that would support them improve their lives such as new equipment, cars, and other new goods such as television that appeared on the market. Buying things for the home was seen as more pragmatic than pampering and that was a good message to send to new families who grew up depressed and skimped on war.
LEARN MORE
If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:
1. What was one economic effect of World War II? brainly.com/question/12560958
Keywords : World War II, American economy
Subject : History
Class : 10-12
Sub-Chapter : American History
a. True
b. False
The correct answer is false.
It is false that all flagsticks have the same meaning no matter where they are located.
We are talking about flagsticks on putting greens. They serve to identify the location of the hole. In some greens, the flags have different colors. In others, the flag is put low, middle, or high, to indicate the position of the whole.
Argue your support for the North to include accurate details about causes and effects of the war and your reasons for fighting for the Union. Describe how the outcomes of this war will affect you as a Northerner when you return home.
b. False
The first reform was the promulgation of the Oath Charter in 1868, a general statement with the purpose that the Meiji oligarchy would get the necessary push to gain the confidence and financial support of the Meiji Japanese Government. The five statutes consisted of:
1. Establishment of deliberative assemblies.
2. Integration of all classes in the task of bringing the state forward.
3. Replacement of "harmful customs" with "natural laws".
4. International search for knowledge.
5. Strengthening the foundations of imperial rule.
On his return, one of the first actions of the government was to establish new ranks for the nobility. Five hundred people of the old nobility of the court, among whom were the daimyo and samurai who rendered valuable services to the emperor were organized into five ranks: prince, marquis, count, viscount, and baron.
Considering that the economic structure and production of the country was very similar to the English Elizabethan Era, becoming a world power in such a short time is a remarkable progress. There were at least two reasons for the great speed with which Japan modernized itself: employing more than 3,000 foreign experts (called O-yatoi gaikokujin or 'foreigners hired') specialized in fields such as English teaching, science, engineering, militia and navigation; and the sending of Japanese students abroad, especially Europe and America, based on the fifth and final article of the 1868 Oath Charter: "Knowledge will be sought throughout the world to consolidate the foundations of the imperial rule." This process of Modernization was heavily subsidized and closely monitored by the Meiji government, enhancing the power of the big Zaibatsu firms such as the Mitsui and Mitsubishi.