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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

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