In: Economics
solution-
V- World War II:
Great Depression –worldwide
High Unemployment
High struggle to survive
Unstable Governments and unrest across globe is key cause World
War.
Deterioration of the economy of democratic capitalist
countries
Strengthen the dictatorial regimes and their approach to explore
better markets –export surplus and import needs.
Slide 2 –
Pearl Harbor Dec 7,1941
Era of Franklin Roosevelt (America) - imposed oil embargo on
Japan
Prevented export of iron to Japan, as sympathy to Britain and
Russian allies.
Japan attacking US Navy @ Pearl Harbor in Pacific in Dec 1941 –
Forced US to enter in WW-2
US (Franklin Roosevelt) declared war on Japan on Dec 8, 1941.
Attack caused great damage to US ships and aircraft,
No affect on fuel and maintenance stocks, submarines, and
intelligence facilities at Pearl Harbor.
Slide 3 –
B. Industrail production
High production era for global capitalist countries post WW under central control of US.
Period of recovery in the capital accumulation movement
high economic growth 4.5 %
Inflation rate failing – 3%
Unemployment rate below 3%
Economic cycle controlled
America's response to World War II - most extraordinary mobilization of an idle economy world history.
17 million jobs created
Industrial productivity increased to 96%
Doubled corporate profits
Good supply of good to consumers
Increase in wages by 50% by 1944 compared to 1939
New technologies, environment, human skills.
1-Unemployment Return to Pre-Depression Level
Unemployment rate was hovering around 25%.
American factories retooled to produce goods to support the war
effort
Almost overnight the unemployment rate dropped to around 10%.
Women went to work to fill jobs that were traditionally held by
men.