ipl-logo

Economic Prosperity Of The United States From 1939-1950

1998 Words8 Pages

Nick Fournier
Miss Milsaps
English B W1
05 / May / 2023

Economic Prosperity of The United States of America from 1939 to 1950. It is no surprise that the United States America had a roaring economic boom following the first world war. Latterly the stock market crash, people thought that the good old days would never come back, where people could spend their money on lavish clothes and entertainment. Presently, those same people that would be spending all their money, would be struggling with homelessness, and hunger. World War II was a terrible thing, although it gave economic rebirth to the United States of America. The economy would not be the way it is today without World War II , a flourishing free market enterprise that allows its …show more content…

With FDR trying to stabilize the economy, he came up with multiple new policies with his new deal program aiming to make new jobs. One program that aimed to curb inflation was the ‘General Maximum Price Regulation’:
“Fiscal and financial matters were also addressed by other federal agencies. For instance, the Office of Price Administration used its ‘General Maximum Price Regulation’(also known as “General Max”) to attempt to curtail inflation by maintaining prices at their March 1942 levels” (Pruit).
The General Maximum Price Regulation accomplished this greatly by cutting the rapid growth of inflation in the country. The General Maximum Price Regulation added a maximum price to goods, which meant that prices couldn’t grow out of control. This helped with the stabilization of the economy in the United States of America . It allowed the economic growth of the country throughout the war. As the war was raging on, the United States of America’s economy was holding strong with new deals brought forward by FDR. Understanding now the effects that the great depression had on the American people, Truman aimed to not have those same problems …show more content…

Since the second world war, president Truman, not wanting to have a big burden on his plate, he decided to dial back the United States of America’s military to free up some money. “In 1945, there were 12 million active-duty personnel in the United States of America armed forces. After that point, President Harry S. Truman and the United States of America Congress came under great pressure to slash military spending, balance the budget”(Pierpaoli). It portrays an understanding of the past, and a willingness to make change. Succeeding world war II the United States went into a full isolationist economy. Meaning that the United States was trading with itself and when its economy went down, they had no help in making a swift rebound. One of the main issues that post World War I for the United States of America’s economy was the fact that they kept their massive military making it a massive money hole.UlteriorlyWorld War II however, President Truman learns from the past and cuts the size of the military down drastically. This allowed for an even greater economic time of prosperity during the 1950’s like in the twenties, although this difference is that due to moves like the downsizing of the military, there is no major economic depression succeeding a time of great prosperity. The United States of America made many moves to keep their economic prosperity while reducing the

Show More
Related

Comparison Of The Us Economy Between 1940 And 1990

740 Words | 3 Pages

US economy between 1940 and 1990? Imagine this, it is the year 1941 and the United States has finally completely recovered from the economic issues that took place during the great depression. At this point, the United States Economy is at some sort of prime, because on top of the healthy recovery from the Great Depression the United States was getting ready to enter a war . Although this is sad set circumstances when it came to individuals personal incomes some seen their finances double. The increased need of workers to prepare supplies and weaponry for the war helped the US unemployment rate decrease drastically.

Read More

New Deal Dbq Essay

564 Words | 3 Pages

The programs created by the New Deal satisfied the needs of citizens, even though several thought Roosevelt was overstepping his power. Roosevelt’s administration was not very effective in ending the Great Depression, however, some of the programs did help relieve

Read More

How Did Theodore Roosevelt Affect The Economy

1215 Words | 5 Pages

He promised that the government would intervene in the economy to provide relief for the great depression, he proposed a ‘new deal’ that would give millions of Americans jobs and create a more stable US economy. “Roosevelt faced the greatest crisis in America since the Civil War.” (Franklin D. Roosevelt Biography). In the beginning of his presidency, he began to make good on his promises, he created many agencies and associations to help get the economy under control and to help lower the unemployment rate. As the economy was stabilizing and the unemployment rates and GDP were beginning to rise back up to normal levels, he fell under criticism for putting too much power in the government’s hands for controlling the economy.

Read More

New Deal Dbq

1136 Words | 5 Pages

Because of business failure in the United States, government imposed a tariff on European goods in 1930. The tariff resulted in less foreign trade, creating some economic tension with other countries. Roosevelt was elected president in 1933 and sought to fix the problems presented by the Great Depression. Over the next 8 years government would implement a series of programs collectively known as Roosevelt’s “New Deal”. The New Deal was beneficial to the United States because it fulfilled its goals which were to: promote recovery, create jobs, and prevent another depression from

Read More

Flaws Of The Economy In The 1920s

779 Words | 4 Pages

The new prosperity, technology and glamour America boasted was only promised to the upper class and urban workers; “There was real prosperity in certain pockets of the economy in the 1920s,” as Historian David Kennedy put it. The agricultural sector were especially struggling the most during this decade prior to the market crash. During World War I, American farms were subsidized by the government to expand and mechanize in order to keep up with providing food for the army. After the War, low demands and over-production

Read More

New Deal Dbq

819 Words | 4 Pages

After the World War I, the United States experienced a deepest and longest-lasting economic downturn the history. Poverty and financial crises are problems that the country was facing after the war due to the stock market crash on October 1929, wiped out millions of investors and big corporations. Many people were unemployment and banks were failing create a big mess in the country. To resolve the problem, government stepped up and introduced a New Deal to stabilize the economy and provide jobs. President Roosevelt’s New Deal permanently changed the federal government, created more programs to help United States back where we were before the Great Depression.

Read More

Debt Nation The History Of America In Red Box Essay

694 Words | 3 Pages

After the Progressive Era ended which allowed many middle-class Americans to prosper, Americans faced economic turmoil when the Great Depression hit in the 1930’s. Many suffered hardships like losing their jobs or having their businesses shut down which was very difficult. Despite the challenges, the United States has managed to become one of the world’s most leading economical nations in the world, closely competing with eastern nations like Japan and China. But what induced this economic boost? Was it influenced by the stress of war?

Read More

New Deal Dbq

1251 Words | 6 Pages

From 1929 to 1939, the Great Depression wrecked havoc upon the economy both nationally and internationally. Franklin Delano Roosevelt’s leadership as president of the United States and the New Deal Programs brought recovery to the nation up to a certain extent. The president’s predecessor, Herbert Hoover, layed down the foundation for what Roosevelt’s ideas would be based off of. Additionally, World War II served as an opportunity to increase demands for production and open jobs which was completed by everyone rather than tracing it back to only Roosevelt. Regardless, the 32nd president gave the American people hope and a sense of unity that serves as much greater in value in comparison to policies such as the New Deal Programs, not that the

Read More

Was Herbert Hoover A Good Than Good Essay

774 Words | 4 Pages

In his speech, he claims, “Any lack of confidence in the economic future...is foolish.” He believed that Americans should stay optimistic and should continue ‘business as usual’. After his speech, Americans began to believe that depressions like this were just part of a country’s business cycle. They thought that periods of rapid growth, like the Roaring 20s, were just naturally followed by sudden periods of depression. People thought that the best thing to do was to do nothing about the depression and the economy would fix itself.

Read More

Government Policies During The 1920s And 1930s

797 Words | 4 Pages

Businesses were booming and the economy was flourishing. One policy that was significant was the reduction of tax rates. This led to increased investing and consumption. This policy helped create a booming ecomomy and many Americans were living a lavish lifestyle buying all they could get their hands on. Americans enjoyed living a high standard of living.

Read More

The Great Depression: Turning Point Of The United States Economy

655 Words | 3 Pages

The Great Depression was a major turning point for the United States’s economy because it changed the relationship between the government and the economy. Before the Great Depression, the economy was a Laissez-faire style market where the government had no influence on private party transactions and businesses. After the Stock Market Crash of 1929, the people of the United States sought for reliefs from the government. The Government responded by creating tax reforms, benefiting the stock market, wheat prices, employment, and the number of bank suspensions, and providing comfort for the people. As a result of their disparity, the people put their trust in the government in hopes that they would repair the broken economy.

Read More

Salinger Alternate Ending

1301 Words | 6 Pages

The next day, Sonia went right outside into the forest of her backyard. Salinger tailing behind, her she looked around and took it all in once more. The sun was finally out and it shone through the dew drops on the leaves. She could see the a ruby red, pastel orange, bright yellow, vibrant green, royal blue, and the perfect shade of purple in a rainbow shining through all of the dense forest. Looked up to see the sun, and she thought it was beautiful.

Read More

How Did The World Change After Ww2 Essay

1149 Words | 5 Pages

After WWII, society took a drastic change for the better in America. America had just gone through the Great Depression, which was the deepest decline in America’s whole history and everyone was affected. Numerous people lost their jobs and were no longer able to afford basic necessities like a house, food, and water. Many could no longer support their families and had nothing. This was all in result of the market crashing, sending the economy into a downward spiral.

Read More

New Deal Turning Point

1830 Words | 8 Pages

Relief for the unemployed, Recovery of the economy and Reform so there was not another Great Depression. FDR aimed to help the economy recover and to do this, created the New Deal. His far-reaching vision was to put American’s back to work and fix the economic collapse. It created jobs, establishing public work programs and encouraged

Read More

What Caused The Great Depression Research Paper

780 Words | 4 Pages

In the early 1930s the labor force in countries that were industrialized saw as much as one forth of its workers unable to find work. Conditions were starting to improve by the mid 1930s, however total recovery did not happen until the end of that decade. This was a very difficult time in United States history and around the world, but it could be said that something good came out of it, central banks throughout the world now try to thwart or moderate recessions. It is unclear whether a change like this would have occurred if not for the

Read More

More about Economic Prosperity Of The United States From 1939-1950

Related Topics

Open Document