How did the total war effort in the United States affect the nation’s economy?
1 answer:
Answer:
Increased spending on the military --> increased debt
Increased manufacturing and trade [1939 - 44] --> economy growth of 8%
Increased manufacturing and trade [1941 - 1943] --> economy growth of 17%
Slack of production during the Great Depression --> increased production afterwards as the US economy recovered
Needing more money for the war effort --> the government expanded income tax and added mandatory withholdings from paychecks
Hope this helps!
Bluey :)
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