Almost 20% of the United States GDP is actually made up of Government Spending.
Contrary to popular belief the United States is NOT an example of a pure capitalist state.
The government intervenes quite often to provide schools, food banks, hospitals, universities, roads and even bails out banks and large corporations. The government even has anti-competition and anti-monopoly laws.
A pure capitalist state would mean even lower intervention by the Government and a free hand of Demand and Supply.
The correct answer is C) wealth should be enjoyed by all Americans.
What Truman meant when he said “We have rejected the discredited theory that the fortunes of the Nation should be in the hands of a privileged few” was that wealth should be enjoyed by all Americans.
During his State of the Union Adress of 1949, President Harry S. Truman expressed the quote above. The economy of the United States was transitioning from a wartime to peacetime and people were demanding more jobs and the opportunity to improve their living conditions.
Harry Truman (1884-1972) became the 33rd President of the United States after the death of Franklin D. Roosevelt.
Answer: a. The War Production Board helped factories quickly shift from only making consumer goods to making war materials.
Explanation:
A key part of the U.S. being able to join the Second World War and contribute so effectively in the time that it did, was the War Production Board's efficiency in shifting American consumer production to war materials for use by the U.S. military and the Allies.
Thanks to the Board, companies shifted their focus from consumer goods even though there was initially some massive pushback. Following a national campaign, opposition subsided and the U.S. was able to pump out so much war material that the war would not have been won without.
Explanation:
There is no chart posted. Look at each choice and check the graph to see which one has both true statements
