Effect Of World War II: The Changing American Market

Following the end of the First World War, the United States was initially prosperous. In 1929, that prosperous age about-faced into a downward spiral that enveloped the entire country. What was eventually called the Great Depression was essentially caused by four major events. At the start, the stock market was strong and thriving and the population was willing to invest in it. Americans were so confident in the market, in fact, that it was common for them to take out loans to fund their investments.

When World War II first began in 1939, the United States was still suffering from crippling economic debt and lack of jobs for its citizens, though the average GDP had been growing by 9% each year. When Britain and France declared war, President Roosevelt decided to provide aid towards the allies and shift the manufacturing of weapons into high gear for both British and American Armies. With this shift came a steady decrease in unemployment that helped balance the U.S. economy. Our economy and confidence continued to steadily recover until the attack on Pearl Harbor, where in response the United States unanimously joined the war effort.

World War 2 impacted the united states economy greatly by giving many people jobs in factories producing items for the war effort. Men from 18-36 were given jobs as soldiers fighting in europe or the pacific. The women and minorities had to work in the factories making the items for the soldiers to use. World War 2 brought america out of the depression and gave the average citizen more income because the women of a family were now working as well as the men . Many factories converted their production to the war effort even car manufactures and a jukebox factory along with winchester built the .30 carbine the

Another remedy to the Great Depression was WWII. This war brought great sorrow to the U.S., but it also provided funds. With the new war came the need of equipment. The U.S. manufactured tanks and guns. This helped lift the country out of its

The Great Depression occurred after the huge stock market crash in 1929. However, the impacts were on going till the 1930s. Many individuals were affected by this stock market crash which led to destroying young innocent lives. This was the time where a majority of individuals were happy that WW1 is over, but then again it went back to a horrible state due to stock markets. For instance, for those who had a credit card and spent a lot of money on the loan they borrowed came out as a horrible lifestyle when Great Depression happened.

The great depression was basically an economic downturn which lasted from 1929 to the early 1940s, it was an over-the-top stock market and a drought that hit the South. In an attempt to end the Great Depression, the U.S. government took direct action to help fix the economy. With this help, the Great Depression finally ended with the increased production needed for World War II. The great depression began right after the stock market crash on October 1929 causing a huge panic on Wall Street, this caused many investors to be wiped out. Several years later you could see that the consumer spending and investment dropped causing a decline on the industries and high unemployment was at its peak laying of millions of workers, by 1933 about 15 million people were unemployed

The End of The Great Depression In 1929 the stock-market crash deriving from the Great Depression exposed the vulnerability and weakness of the United States economy. With effects fluctuating in low farm prices and inequitable income distribution to trade barriers, and a surplus of consumer goods due to constricted money supplies, the depression continued to intensify. President Hoover at the time endeavored to resolve the economic issues but failed to do so. In 1932, Franklin Delano Roosevelt (FDR) proposed the “New Deal” while the country had lost faith in Hoover’s abilities.

Giving jobs to millions of unemployed and giving them places to live and other facilities. This required huge amount of the money from the system and Republicans and other businessmen strongly opposed it. According to Washington Times article, it is claimed by some historians that Great Depression ended just due to the outbreak of World War 2. It was not a government spending but the shrinkage of government ended the Great Depression. Many of the critics of the Franklin D. Roosevelt opposed his presidency due to his control and impact over the congress and blamed him of

The author develops the idea that World War Two created a positive change in the United states quite well. First, the author states that "The economy got a huge boost from all of this wartime production. Because of the increased employment opportunities, Americans who had been struggling since the Great Depression finally enjoyed a high standard of living again." Though that is a very long quote, it really does show how much the war had a positive impact on america. On the other hand, the author states that there were some poor effects that the war had on the country.

During the 1920s, there was considerable growth in income inequality, which led to a decrease in consumer spending and investment in the economy by those who were not wealthy. This created a situation where the economy

Inventions by people were also very common during this time.

Due to men being away at war women had greater responsibilities earning wages, and taking care of

World War II, one of the most heartbreaking wars known to mankind, had an exceedingly colossal impact on America. Before World War II, Americans were just recovering from the previous war, World War I. One of the time periods was called the Roaring Twenties. Many African Americans moved from the South to the North for a better lifestyle. This movement was entitled with the name “The Great Migration”. As for the economy, this time period introduced many new inventions including the radio, the automobile, the traffic light, the television, the vacuum cleaner, and so many more inventions we still use today.

The recovery of many countries, from the great depression started just before the World War 2. There are many reasons that caused the great depression few of them are discussed below. Reasons: 1. Credit buying: Before the great depression started the American economy was in a very stable and consistent position.

The Great Depression was a period of severe economic recession that flogged the American people. It was primarily caused by the overproduction of goods and the massive unequal distribution of wealth. America during the years leading up to the depression had an abundance of production coming off the recent World War, but since wages hadn’t increased, no one was able to buy the products. Also, by 1927, nearly forty percent of all the nations wealth was controlled by the top five percent, and this caused an extremely unstable economy. Similarly, the failure of the Hawley-Smoot Tariff and the closing of banks were both minor causes of the Great Depression.