Impact of World War II on the US economy and government

 

 

The Impact of World War II on the Economy and Government

The War proved to be a very good thing for the American economy:

bullet17 million new jobs were created - the war finished what the New Deal had started. Unemployment virtually disappeared.
bulletWages increased by 30%.
bulletBy Christmas 1942, US industrial output was more than Japan, Germany and Italy's combined.
bulletBy 1945 the USA was producing more iron and steel than the entire world combined in 1939.
bulletIndustrial production trebled.
bulletThe number of jobs rose by 52%

The war caused American companies to grow, and with it the wealth of their employees. Unemployment was now just a memory of the depression. Every American who wanted a job could have one.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Government

bulletThe job of the US President was originally to look after the interests of the states in the union. This meant that presidents only became important during times of war.
bulletHowever, following World War I (1914-18) and the Great Depression (1930's) the US people accepted that the country would benefit from laws and regulations that were common for all the states. They were called Federal Laws.
bulletDuring the Second World War there was a move towards Federal, rather than State laws. Regulations also increased.
bulletBy the end of the Second World War, many Americans believed they would benefit from an increase in Federal Laws at the expense of the power of State Laws.
bulletThis vast increase in Presidential and Federal power became very important and can be linked to the Civil Rights era and the Vietnam War.