The
Impact of World War II on the Economy and Government
The War proved to be a very good thing for the American economy:
 | 17 million new jobs were created - the war finished what the New Deal had
started. Unemployment virtually disappeared. |
 | Wages increased by 30%. |
 | By Christmas 1942, US industrial output was more than Japan, Germany and
Italy's combined. |
 | By 1945 the USA was producing more iron and steel than the entire world
combined in 1939. |
 | Industrial production trebled. |
 | The 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.