Financing, World War II - Research Article from Americans at War

This encyclopedia article consists of approximately 6 pages of information about Financing, World War II.
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Planning

During the two years before the United States entered the war, the enormity of America's financial burden became apparent. At the war's peak, federal expenditures were twelve times greater than in the last peacetime year. President Franklin D. Roosevelt hoped to pay for half the cost of the war, or more, out of current income, but collecting such a colossal sum was a daunting task. Roosevelt was determined not to rely too heavily on loans, but borrowing was inevitable.

The Japanese attack on Pearl Harbor angered, frightened, and unified the nation, but although the public was eager to contribute to the war effort, Roosevelt's economic policies still faced difficulties. Some members of Congress disliked Roosevelt's political agenda in any form, and others were reluctant to face reelection after raising taxes. Roosevelt's greatest problem, however, was how to tap into the middle and lower income levels...

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This section contains 1,756 words
(approx. 6 pages at 300 words per page)
Buy the Financing, World War II Encyclopedia Article
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Americans at War
Financing, World War II from Americans at War. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.
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