impact of WW2 on american economy

Question 1

how much had wages increased by in the war and what did this mean

Answer 1

50%, wealth was more evenly spread compared to the 1930s

Question 2

during the 1950s how much of the worlds goods did the usa produce and what did it mean for employment levels

Answer 2

50% and a huge increase in employment as there was an huge demand for workers

Question 3

what happened to GNP of the usa 1950s

Answer 3

it doubled

Question 4

how much did the us government spend per day on the war by 1945

Answer 4

$250 million and much of it was given to US factories to produce resources which meant that workers wages were higher throughout the war

Question 5

what meant that the usa had a steady stream of money coming in each year

Answer 5

they loaned out billions of dollars to other countries during the war which began to repaid after 1945

Question 6

what products in the us were invented and mass produced

Answer 6

TVs, Washing machines, fridges