The United States Economic Development in the World War II Essay

The unify States Economic Development in the institution War II - Essay ExampleThis essay outlines the efficiency of the economic policies of American regime in war and bunk-war period, that led to strongly improved performance of the economy in the world. There atomic number 18 several reasons that led to wage find during the Second World War. One reason that led to the rise in wage rates during the Second World War was the increased efficiency in jobs. Millions of residents of the United States of America who worked in occupations that were less productive moved to more economic occupations. By acquiring efficient jobs, they earned more from their occupations. During the Second World War, wages also increased because productivity was equally improved. The value in productivity was brought somewhat by better technologies that were put in place. The United States of America got its resources use an array of methods. One of them was excessive use of imposeation. High taxes were imposed on workers as a course of mobilizing resources. The Congress collaborated with Roosevelt to impose heavy taxes as a way of mobilizing resources. The rates of marginal taxes increased from 81 per cent to about 94 per cent during the entire duration of the Second World War. The income level that was subjected to tax was also lowered Following the World War II, the increase in the demand of consumers for commodities fueled a robust economic growth. One industry that benefited from the consumer demand was the motor vehicle industry. To add to that, electronic and airwave industries witnessed enormous growth.... The army was well marshaled to a force that was feared in the battlefield during the entire season of the war. By the year 1945, the military of the United States of America comprised of at least 13 000 000 million men, in attachment to women who were in unison. This jump started the successful tradition in battle fields the United States of America has enjoyed w ork today. The industrial strength of the United States was also a crucial factor that was observed not notwithstanding during but also after the Second World War. As much as they imported approximately of the resources they used outside the nation, their Gross domestic product stood the highest across the entire world. This margin was very handsome compared to those of other parts of the world (Young, 2013). During the post war era, the industry was transformed into an economic powerhouse mute being witnessed today in the United States of America. These are of the reasons that led to the success of the United States as uttermost as economic growth was concerned. They were able to recognize some of the gaps by other countries which they filled well. The post war prosperity that was witnessed in the United States of America after the Second World War was such(prenominal) a golden chance to the capitalists. This was attributed to maturity in bonds of about 200 million dollars fro m the years among 1945 to 1973.These bonds were financed by their work force that was educated. The post war prosperity and economic growth was also brought about by the increased number of farm workers who secured jobs in cities and towns across the United States of America. Before the Second World War, the economics of the United States ditched into a great depression. This occurred in the period between 1929 to 1941.In 1932, the