Americas World War 2 Economic

By LorenaS
  • Neutrality Act of 1939

    Act allowing for arms trade with belligerent ,fighting, nations on a cash-and-carry basis, ending arms embargo Significance: Was the first act passed that actually allowed the U.S to participate in the war by selling materials. and end the arms embargo
  • Cash and Carry

    Policy requested by FDR to allow sale of material goods to belligerents as long as the recipients arranged for the transpor using own shias and immediatly in cash. Significance: Replaced the neutrality act and it allowed the U.S to be more involved in the war. Gave more opportunities for the U.S to sell goods and raise the economy.
  • Arsenal of Democracy

    Slogan by FDR; promised to help the United Kingdom fight Nazi by giving supplies without fighting. Significance: Almost all production in the U.S focused on supplying the war with materials, changing the setup of industrial production in many industries and businesses.
  • Lend Lease Act

    Program UNder which U.S supplied Allied Nations with Material
    Significance: Continued supply to the Allies to fight the Axis Powers increased production and economy
  • Office of Price Administration

    Fought infalation by freezing prices on most goods. Congress also raised income tax rates and extended tax; higher taxes reduced consumer demand on scarce goods by leaving workers with less to spend. Significance: Forceful propaganda to ration was very controversial and was met with pro and anti New Deal Sentiments
  • Fair Employment Practices Commission

    Part of Executive Order 8802 that required governments with government contracts to not discriminate based on race or religion. Significance: Shows government influence on companies and helped end discrimination in the North.
  • U.S Embargo of Japan

    The U.S cut the selling of supplies to Japan; Japan was angered by this because U.S products were the main source of thier materials.
    Significance: This economic move angered the Japanese, so they retaliated by attacking Pearl Harbor
  • War Productions Board

    Decided which companies would convert from peacetime to wartime production and allocated raw materials to key industries.
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    Selling of War Bonds

    Government used propoganda to get people to buy war bonds to help the government pay for war equipment.
    Significance: Shows how supplying the war was heavily focused in the U.S, and how important it was for the government to gain more money for the war.
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    Rationing

    After the attack on Pearl Harbor, production focused on creating more weapons and materials for the war. This caused the production of other materials to shorten, causing people to ration thier goods to help war production. Significance: shows what Americans did to help the war effort, and how production for the war was heavily focused on.