The National War Labor Board was authorized in March 1918 for the purpose of preventing strikes that would disrupt production in war industries. The first appointments were made the next month. ... After the war, the work of the National War Labor Board was praised by progressives.
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the government owns and control all major industries
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fear the economies would collapse
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Public Goods - The Economic Lowdown Podcast Series
Explanation:
Is public transportation a public good? How about national defense? Knowing the characteristics of public goods will help you understand why private firms excel at producing private goods, but they have little incentive to produce public goods. Rather, if society wants public goods, government must produce them. This episode of The Economic Lowdown defines the characteristics of private and public goods and explains why these characteristics help determine who is best positioned to produce each.
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