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Economic Transformation: WWII Aftermath Review

Explore the impact of WWII on economics - Depression, New Deal, manufacturing shift, rations, raising money, end of war consequences, and post-war prosperity.

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Economic Transformation: WWII Aftermath Review

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  1. Economics and WWII

  2. Post War Review • Depression • thousands out of work • New Deal • boosting the economy but doesn’t get us out of the depression.

  3. Manufacturing • Factories switch from making domestic products to making products for war. • U.S. Factories make supplies for allied forces. • Brings in new jobs for the unemployed. • Large push for minority labor.

  4. Labor • Women enter the work force in large numbers. • African Americans migrate from the South to work in the North. • After increasing for a while wages are put on a freeze to prevent inflation. • Farmers begin mass producing.

  5. Rations • In order to insure ample amounts of supplies needed to fight the war everything is rationed. • Name some of the things rationed during the war. • Cause lots of extra money to lay around.

  6. Raising Money • Bonds • People could not spend money because of rations. So they invested their money in government bonds. • Children could buy bonds a little at a time. • Raised 185.7 billion dollars.

  7. Raising Money • Taxes are raised. • Only pay for 41% of the war.

  8. The End of the War • Debt • as people cashed in war bonds, • Government spent large amounts during war • Government lent large amounts of money to allied countries during the war.

  9. The End of the War • Prosperity • The war mobilization effort brought us out of depression. • The U.S. becomes a world leader and continues to ship large amounts of exports. • Inflation • There is a lot of money laying around. • Lack of labor in South

  10. Mind Map

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  12. Mind Map

  13. Mind Map

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