Question

What was the main power given to the War Industries Board after its creation in 1917?

Answer 1

The answer is D) setting prices for key war materials such as steel, iron, and rubber. The War Industries Board was responsible for all matters related to the industrial production of war time supplies. They set production quotas and controlled the distribution of raw materials needed for the war effort.

Answer 2

The correct answer is D) Setting prices for key war materials such as steel, iron, and rubber.

The War Industries Board was a federal agency created to ensure that the US military had the proper equipment needed in order to be successful in the war. The War Industries Board had the power to tell companies how much of a product to make and could also influence the price. This amount of government influence in the economy was extremely rare, as usually the American government let competition and business owners decide the amount of production and the prices of their goods.