what impact did world war 2 have on the economy in the united states

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U .S . Economic Warfare during World War II

The United States has been considered as one of the powerhouse country in the world . Its booming economy and strong leadership have been the epitome of economic and political success . But the U .S . was not always at the top of the heap . In the early 1900s , during the start of World War I , the U . S . economy was largely dependent on overseas trading but when the war broke out it dramatically halted economic trading because

br they were no longer able to sell goods to other countries particularly to Britain and Germany (Hardgrove n .p . War had become an inevitable part of the history of the United States . They have engaged in several battles and confrontations with other nations and even with their fellow Americans as well . So far , the U .S . had participated in numerous wars dating back to the civil war to the present Iraq war . However , it was in the First and Second World Wars that the U .S . had a major participation that resulted in the restoration of peace and across the globe Also , it was during this period that the U .S . economy both experienced economic escalation and at the same time fiscal recession . It became an unfavorable situation towards the end of the 1930s when WWI facilitated the manifestation of the Great Depression in the U .S . that resulted to an economy with a huge disparity between U .S ' productive capacity and the ability of Americans to consume (Kauffman n .p . On the other hand it became favorable at the time of the involvement of the Americans in World War II that triggered the elimination of unemployment and beginning of the build up of the warfare mass production that molded the U .S . economy to become a potent and robust economy

In the early 20th century , prior to the war , the U .S . was already under recession . For almost 11 years , the economy demonstrated little progress to get out of the fiscal slump . Every incident of recovery was immediately countered with series of economic downfalls that led U .S . to become stagnant . To mitigate the effects of the recession , the government initiated several reforms in the form of the New Deal which had two versions drafted by the administration of President Roosevelt (Vatter 7 . Unfortunately , this program was not able to carry out its purpose of reducing the looming unemployment rate . At this time , there were about 8 million Americans who did not have any work to provide for themselves and their families (Schultz n .p . Being an optimist and sugarcoating the situation were the only doable actions left for the government to do in to mask the reality . The fall of the stock market , depreciation of the value of the stocks and termination of enterprises were just some of the incidents that drained the finances and purchasing power of the average American ( The Depression in the United...