Imagine losing everything you have ever worked for, being left with no home, no job, or money. This was the outcome of the ugly reality for the people of the United States during the 1930s. It was a rough time for Americans as the nation entered the era of the great depression. The great depression was a result of many things; one of which includes the decline in farm prices during the nineteen twenties. American farms expanded greatly during the First World War to provide foods for all those soldiers. During the expansion farmers mechanized and to pay for the machinery they were going into debt. Due to the lack of need for food after the war farmers were unable to earn invested money back. Individuals who weren’t farmers were also going in
…show more content…
For example there was a great need for planes during the war while the US military only had a few planes to begin with and they could not just go out and buy some planes they had to build them. There were planes being built every five seconds and one ship every day at a point during the war. This required massive amount of people to be working in factories. Along with manufacturing plants jobs in munitions plants and military uniforms production factories also opened up. Workers did not only have to make weapons and ammunition for United States but also the allied forging nations due to the Lend-Lease Act created in nineteen forty one. This act was the principal means for providing U.S. military aid to foreign nations during the war. The combination of all of these actions reduced the unemployment rate from fourteen percent in nineteen forty to two percent in nineteen forty-three. That was also due to the fact that millions of men had to serve in the military, which meant lots of the workers were women. Along with new jobs older ones were also reestablished such as farming. Farmers were able to farm and use their machines that they went in debt for again due to the increase in demand of food for soldiers. The demand for medics and doctors also went up due to all the injuries that occurred during the …show more content…
This bill provided range of benefits for military veterans such as low cost mortgages, low interest loans and expenses for education. This resulted in huge numbers of military personal to buy homes, businesses and go to college. The large increase in well-educated people resulted in development of technology and society. They were being prepared for vocations on field and off such as aeromechanics, electrical wiring and construction. The increase in home and business buyers had a huge economic impact because of the increased circulation of money. After the war around eight billion veterans took advantage of the GI bill and as a result middle class grew to a much larger percent of the population. Consumption of consumer products also increased greatly because the soldiers had extra money to
For example there was a great need for planes during the war while the US military only had a few planes to begin with and they could not just go out and buy some planes they had to build them. There were planes being built every five seconds and one ship every day at a point during the war. This required massive amount of people to be working in factories. Along with manufacturing plants jobs in munitions plants and military uniforms production factories also opened up. Workers did not only have to make weapons and ammunition for United States but also the allied forging nations due to the Lend-Lease Act created in nineteen forty one. This act was the principal means for providing U.S. military aid to foreign nations during the war. The combination of all of these actions reduced the unemployment rate from fourteen percent in nineteen forty to two percent in nineteen forty-three. That was also due to the fact that millions of men had to serve in the military, which meant lots of the workers were women. Along with new jobs older ones were also reestablished such as farming. Farmers were able to farm and use their machines that they went in debt for again due to the increase in demand of food for soldiers. The demand for medics and doctors also went up due to all the injuries that occurred during the …show more content…
This bill provided range of benefits for military veterans such as low cost mortgages, low interest loans and expenses for education. This resulted in huge numbers of military personal to buy homes, businesses and go to college. The large increase in well-educated people resulted in development of technology and society. They were being prepared for vocations on field and off such as aeromechanics, electrical wiring and construction. The increase in home and business buyers had a huge economic impact because of the increased circulation of money. After the war around eight billion veterans took advantage of the GI bill and as a result middle class grew to a much larger percent of the population. Consumption of consumer products also increased greatly because the soldiers had extra money to