Exploring American Histories, Volume 2: A Survey with Sources by Nancy A. Hewitt & Lawson F. Steven

Author:Nancy A. Hewitt & Lawson F. Steven [Hewitt, Nancy A.]
Language: eng
Format: epub
Tags: History
Publisher: Bedford/St. Martin's
Published: 2019-01-04T05:00:00+00:00

Managing the Wartime Economy

To mobilize for war, President Roosevelt increased federal spending to unprecedented levels. Federal government employment during the war expanded to an all-time high of 3.8 million workers, setting the foundation for a large, permanent Washington bureaucracy. War orders fueled economic growth, productivity, and employment. The gross domestic product increased from the equivalent of nearly$900 billion in 1939 (in 1990 prices) to nearly $1.5 trillion (in 1990 prices) at the end of the war (Figure 23.1), union membership rose from around 9 million to nearly 15 million, and unemployment dropped from 8 million to less than 1 million. The armed forces helped reduce unemployment significantly by enlisting 12 million men and women, 7 million of whom had been unemployed.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.