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Bc. Jan Kulhánek

Bc. Jan Kulhánek

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Development of the American economy during World War II

Introduction The Second World War and most of the ensuing conflicts showed us that it is primarily air superiority that has a major impact on the end result of massive armed conflicts. On the example of aviation and the industry associated with it, I will approach the basic factors of the development of American economic development towards post-war dominance.

🕔︎ 12.12.2011 👁︎ 24.396

Development of the American economy during World War II

1 The pre-war state of the United States of America The economic situation in the United States was still not very positive at the end of the 1930s. The government failed to fully eliminate the problems arising from the Great Depression, which began in the autumn of 1929. President Roosevelt's New Deal, with which he took office in 1933, marked a significant change in the role of the state in a market economy. These changes were further supported by John Meynard Keynes' newly emerging economic theory, published in 1936 in The General Theory of Employment, Interest and Money.

🕔︎ 12.12.2011 👁︎ 25.214

Development of the American economy during World War II

2. The course of US assistance to its main allies In this chapter, I will examine how the US has influenced its allies with its supplies of materials, equipment and weapons. Probably the best-known example of such assistance was the Lend-Lease program, but even before its creation and approval, the United States helped Britain and France to face the Nazi threat. Who was the main supporter of the assistance and what problems and obstacles did the approval and later course of the program have to deal with are further questions to be answered. We can therefore distinguish two periods of US assistance - before the approval of the Loan and Lease program and after the approval of this program.

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Development of the American economy during World War II

3. Institutional organization of the US war effort The transformation of the economy into a war effort is not an easy task. Without a proper plan, the effort can become too chaotic and very ineffective. In this chapter, I will deal with the institutions and authorities that were involved in the transition to war production. There were many institutions, some lasting for years and others disappearing within a few months, their fields very often overlapping, so it is not easy to determine which was the most important in that area.

🕔︎ 12.12.2011 👁︎ 21.399

Development of the American economy during World War II

4. Building the aeronautical defense industry Sufficiently productive industrial production is a key factor for success in a modern war. After the not very successful 1930s, American industry faced a new challenge - to ensure sufficient production not only for the civilian sector, but above all to arm the United States itself. What methods of financing were used for the development of the industry, who were the owners and operators of the new factories? How the development took place in the aviation industry, whether there were significant problems affecting production. So what values of production were achieved? I will address these issues in this chapter.

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Development of the American economy during World War II

Conclusion The sharp deterioration of the international situation after 1938 put US officials in a difficult situation. It was clear on this front that the possible continued expansion of Germany in connection with Japan could lead to a threat to American interests and positions. On the domestic front, the situation was perceived differently. An isolationist view prevailed throughout American society.

🕔︎ 12.12.2011 👁︎ 20.764

Development of the American economy during World War II

On March 11, 1941, the President of the United States signed the Lend-Lease Act. The name was not chosen at random: "The term loan and lease has been used to divert attention from the fact that the US government is financing weapons supplied to Britain and its allies."
World War II and most of the ensuing conflicts have shown us that it is primarily air superiority that has a major impact on the end result of massive armed conflicts. On the example of aviation and the industry associated with it, I will approach the basic factors of the development of American economic development towards post-war dominance.

 
🕔︎ 12.12.2011 👁︎ 18.987

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