Managing the Nation's Finances - Research Article from American Homefront in WWII

This encyclopedia article consists of approximately 16 pages of information about Managing the Nation's Finances.
This section contains 4,535 words
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The "Good War"

The wartime economy led to a new period of national prosperity, ending the economic crisis called the Great Depression. The Depression began in the United States in late 1929 and spread throughout the world during the 1930s. During the Depression, U.S. unemployment hit 25 percent, and those who kept their jobs had to accept, on average, a 40 percent decrease in their salaries. During World War II the unemployment rate dipped below 2 percent; almost everyone who wanted a job could easily find one. The nation's gross national product (GNP)—the total value of goods and services produced by a nation in a particular time period—more than doubled, going from $88.6 billion in 1939 to $211.9 billion in 1945. Worker productivity, a general measure of economic health based on how many hours a typical worker produces a certain good or performs a certain manufacturing...

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This section contains 4,535 words
(approx. 16 pages at 300 words per page)
Buy the Managing the Nation's Finances Encyclopedia Article
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American Homefront in WWII
Managing the Nation's Finances from American Homefront in WWII. ©2005-2006 by U•X•L. U•X•L is an imprint of Thomson Gale, a division of Thomson Learning, Inc. All rights reserved.
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