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
- Viet Cong invasion in 1965
- Gulf of Tonkin incident
- election of 1964
pls help mates & thanks, also I'm thinking Gulf of Tonkin but I'm not sure-
Answer:
- Gulf of Tonkin incident
Explanation:
The incident in the Gulf of Tonkin was a false flag operation organized by the secret services of the United States, to be used as a pretext in their participation in the Vietnam War; This simulated a false attack by forces belonging to North Vietnam against United States Navy ships in Southeast Asia, which had penetrated waters that the United States claimed as international, but which Vietnam claimed as nationals. Videos were presented as evidence of such attacks and this served as a pretext for President Lyndon B. Johnson to ask Congress for a large extension of military missions carried out by soldiers assigned as military advisers in Vietnam, and with it, the beginning of the massive intervention of the United States in that war, going from 60,000 soldiers that were already operating in Vietnam to 500,000 at the moments of greatest intensity of the conflict.
Answer: agricultural areas of eastern and southern Europe.
Explanation:
The Industrial Revolution brought to American shores waves of new immigrants from every part of the globe. Between 1860 and 1920, about one in seven Americans was foreign-born. By 1900, nearly 30 percent of the residents of major cities were foreign-born. These newcomers provided much-needed labor, but their arrival sparked ugly racial and ethnic tensions. In steadily rising numbers, immigrants moved from the agricultural areas of eastern and southern Europe directly to the largest cities of America. Once in the United States, they wanted to live with others who shared their language, customs, and religion. Ethnic neighborhoods in American cities preserved familiar folkways and shielded newcomers from the shocks of a strange culture.
b. How is the role of religion in North Korea different from what it is in South Korea?
c. How did the role of religion in Europe change between the postclassical and modern eras?
d. Which religion is practiced by the most people in Africa today?
False
The correct answer is True.
Explanation
History is a social science that studies the past of humanity. Also, it is a term used to define the historical period that begins with the appearance of writing and to refer to the past. Scientists who specialize in history are called historians and they are experts that analyze artifacts from the past to determine the way events occurred. On the other hand, a historical narrative refers to the writings or text that are the result of the studies of historians, these writings have the function of establishing an official version of the events of the past and therefore are accounts of events from the past. So, the correct answer is True.