WWI vs WWII on consequent economic depression/growth: Difference between revisions
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*Continued Federal and defense employment | *Continued Federal and defense employment | ||
==Post War Economy and the reasons for Success== | ==Post War Economy and the reasons for Success== | ||
*G.I. Bill | *G.I. Bill | ||
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*Global integration | *Global integration | ||
*Foreign Success | *Foreign Success | ||
=Conclusion= | =Conclusion= | ||
Revision as of 23:18, 28 November 2007
World War I
Economic Impact of World War I
- 52% of GDP
- 4 million men fighting meant countless hours of labor lost
- 3.5 million workers added to Federal workforce
Economic Legacies of World War I
- The new Economic Superpower
- Planning for the Future
The Roaring Twenties
Prosperity in America
- Failure is the first step towards success
- The Nouveau Riche
- A new technological age
Contributors to Success
- Increase in the savings rate
- Growth of new Industry
- The high standard of living wage
The Bull Market
- Lending on Margin
- The rise of big business
- Simply supply vs. demand
- Not logical
Depression Strikes
Causes of the Depression
- Monetary factors
- Missing Workers
- Stocks return to Earth
Economic impact of the depression
- Reduced National income
- Reduced National savings
- Dollar devaluation
- Reduced Exports
A New War
Economic Help is on the Way
- The show must go on
- Growth of the Federal workforce
- Mobilizing for War
- Solutions to a problem
World War II Economics
The end of war
- Income equality returns
- Market to the World
- Continued Federal and defense employment
Post War Economy and the reasons for Success
- G.I. Bill
- Creation of FDIC
- Global integration
- Foreign Success
