<em><u>The War Industries Board (WIB) affects the American economy as it curtailed free enterprise.
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Further Explanations:
“War Industries Board” was the governmental organization established on 28th July 1917 to direct the purchase of supplies for the War Department and navy. The board was established by Frank A. Scott the ex-chief of the “General Munitions Board”. Later he was replaced by Daniel Willard in November. On January 1918, board was finally recognized under the governance of Bernard M. Baruch.
The main motive of its establishment was to encourage mass production techniques and increase the efficiency of the companies. Companies were advised to standardize their product to eliminate waste and quotas were set for production and raw material. The board also dealt with the labor-management disputes that increased the demand for production. An increase in 20 percent of production was observed during the era. Overall, we can say that the board affected the nation’s economy.
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Answer Details:
Grade: High school
Subject: US History
Chapter: War Industries Board
Keywords:
War Industries Board, governmental, organization, War Department, navy, Frank A. Scott, ex-chief, General Munitions Board, Bernard M. Baruch, labor-management
