Question

In: Economics

I need to do a framework to the topic below in 3 slides (2 minutes per...

I need to do a framework to the topic below in 3 slides (2 minutes per slides):

V- World War II:

The pre-World War II period was a period of great economic suffering all over the world called the Great Depression. Many people were unemployed and struggling to survive. These unstable governments and unrest all over the world created the reasons for World War II. As this crisis contributed to the deterioration of the economy of democratic capitalist countries, which will strengthen the dictatorial regimes and their approach to expansion policy to obtain commercial markets to export surplus production and import needs.
A. Pearl Harbor Dec 7,1941
In the era of Franklin Roosevelt, America had imposed an oil embargo on Japan and prevented the export of iron to it in sympathy with the British and Russian allies. Japan was only attacking the US Navy at the Pearl Harbor in the Pacific in December 1941. The Japanese attack on Pearl Harbor forced the United States to enter World War II alongside the Allies. Franklin Roosevelt declared war on Japan on December 8, 1941. Although the attack has caused great damage to US ships and aircraft, this has not affected fuel and maintenance stocks, submarines, and intelligence facilities at Pearl Harbor.
B. Industrail production
The global capitalist economy entered the post-war period, moving into a new historical context, in which a new era was formed, an era characterized by a high level of growth and stability for a quarter of a century under the central control of the United States,
It was a period of recovery in the capital accumulation movement, high economic growth (averaging about 4.5 percent annually), inflation rates falling, and only 3 percent. And the unemployment rate fell to less than 3 percent. Economic cycles were controlled, becoming shorter and less intense.
America's response to World War II was the most extraordinary mobilization of an idle economy in the history of the world. During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled. The government expenditures helped bring about the business recovery that; had eluded the New Deal. War needs directly consumed over one-third of the output of industry, but the expanded productivity ensured a remarkable supply of consumer goods to the people as well. America was the only that saw an expansion of consumer goods despite wartime rationing. BY 1944, as a result of wage increases and overtime pay, real weekly wages before taxes in manufacturing were 50 percent higher than in 1939. The war also created entire new technologies, industries, and associated human skills.
1-Unemployment Return to Pre-Depression Level​
America’s involvement in World War II had a significant impact on the economy and workforce of the United States. The unemployment rate was hovering around 25%. The involvement in the war soon changed that rate. American factories were retooled to produce goods to support the war effort and almost overnight the unemployment rate dropped to around 10%. Women went to work to fill jobs that were traditionally held by men.

Solutions

Expert Solution

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.


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