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Tuesday, December 17, 2019

The Effects Of World War II On The United States Economy

The second World War affected the United States economy in several ways. When World War II began, the United States was in the Great Depression- a time of intense economic suppression and widespread dejection across the nation lasting from 1929 until 1939. The effects of World War II are still represented today. For example, the price of one gallon of gas in 1940 was only eleven cents (Myers). Today, the cost of a gallon of gas has been increased by eighteen times the amount it was before the war. This stark difference is due to a state of inflation brought upon by World War II. Inflation was not the only side effect of the war. World War II affected the United States by ending the Great Depression, transforming American industry, and mobilizing the economy. When the war began, Americans were struggling financially and emotionally. They wished for the prosperity of the â€Å"roaring 1920s.† After the war, their vision for the world was completely revived (Winkler). Worl d War II successfully ended the Great Depression in a threefold process: starting a period of Keynesian economics, bringing seventeen million jobs to America, and boosting morale within the population. After the Nazi invasion of Poland and the Blitzkrieg (an intense military strategy intended to bring about a quick victory) against Belgium, Holland, and France during the spring of 1940, military spending skyrocketed and reached seventy-five million dollars a day by December 1941. â€Å"Within two yearsShow MoreRelatedEssay on Consequences of the World War II1306 Words   |  6 PagesIn the World War I individual rights and civil liberty have died. The wartime controls had replaced the free enterprise, exchange controls and import-export regulations had replaced the free trade. The inflation had undermined the sanctity of property. The war had shrunk the rights of individuals and enhanced the power of the State. The politicizing of economic and social life means that every dispute and every disagreement were now become the matter of national interest. This rivalry had startedRead MoreBone, Ambria . English 11 B. April 17, 2017. The United1272 Words   |  6 PagesEnglish 11 B April 17, 2017 The United States and the Soviet Union were fighting against each other; the Cold War was separated into three groups (Jerylin Watson). The nation’s economy is a very difficult balancing act. Cold War confrontations nearly always conducted through surrogates or economic pressure (David Painter). This is what happened when the tensions of the Cold War affected the United States and the world (Robert H. Dugger). The United States became the global consumer of last resortRead MoreWorld War Ii And The United States Economy. When People1296 Words   |  6 PagesWorld War II and the United States Economy   Ã‚  Ã‚   When people think about World War II, they normally associate it with Hitler, genocide, the Great Depression, the Cold War, and other negative things; however, there were some positive impacts it had on the United States. Economically, the United States and other countries around the world were devastated by the crashing of the stock market. Unemployment rate was at a high point, Hitler was gaining control of Europe, and we were trying to remain isolationistsRead MoreEssay on Effects of World War I519 Words   |  3 PagesEffects of World War I World War I was rising Nazi feeling across Europe, colonial and economic rivalries, which contributed to growing international tension. The main spark that started World War I was the assassination of the Austrian archduke Franz Ferdinand in Sarajevo in June 1914. 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World War II had positive and negative effects during and after the war. After the war, the formation of the United Nations helped negotiate and maintain peace, and during the war more jobs helped get the United States out of its biggest economic crisis, the Great Depression. Although, some economists argue that by creating more jobs during World War II, put America into even more debt than the country was alreadyRead MoreThe Events Of World War II Essay1284 Words   |  6 PagesSome would argue that the second World War was nowhere close to being a watershed event and more closely aligned with being a devastating period for American history. Funnily enough, most would critically disagree with such a statement. World War II sent the United States through a frenzy of change — change that would extend even over to today’s time! So in retrospect of our history, I must conclude that World War II was most definitely a watershed event. The war impacted nearly every aspect of AmericanRead MoreThe War Of World War II1638 Words   |  7 PagesWorld War II was the most widespread war in history and it directly involved more than 100 million people from over 30 countries. This war lasted from 1939 to 1945. The war pinned the Axis nations which were Germany, Italy, Japan versus the Allied nations which were led by Britain and its Commonwealth nation, the Union of Soviet Socialist Republics and the United States. The Allies were victorious in the War. It was one of the most significant periods of time in the 20th century. The war resultedRead MoreThe Impact Of World War II On American Society1275 Words   |  6 PagesWhen the United States launches itself into a war, whether it be willingly or unwillingly, it almost guarantees that the war will bring some amount of change to the American society. The United States has been historically very flexible in adapting to the needs that wars, as well as other major events, bring to American society. Whether it be with the economy, foreign affairs, etc. there is usually always a change that results in the United States from a war. For example, after the Civil War, AmericansRead MoreThe Atrocities of World War II1111 Words   |  5 Pagesatrocity of World War II was the Holocaust, but the real truth hides much deeper within. There were thousands of atrocities that occurred leading up to the war, within the years of World War II, and after the war. Many were unrecognized and undocumented and the stories of the dead still remain unknown. My purpose here is to tell the story of the men, women, and children that no one remember, or never even knew existed. The Holocaust was perhaps the most dramatic and well known atrocity of World War II because

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