-
GDP
3.3% -
Government Spending
$19 billion -
Minimum Wage
The minimum wage was changed to 40 cents per hour in the US. -
Unemployment Rates
19.0% -
Inflation
2.08% -
CPI
14.1% -
GDP Per Capita
4.72% -
Interest Rates
3.00% -
Business Cycles
3.3% -
Inflation
1.42% -
Monetary Policies
1% ( The monetary policies stayed the same during 1938-1944). -
Unemployment Rates
17.2% -
GDP
8.0% -
GDP Per Capita
17.2% -
Interest Rates
3.00% -
Business Cycles
8.0% -
Franklin Roosevelt makes a new request of Congress
President Franklin Roosevelt makes a new request of Congress, asking for more money for the defense budget. -
CPI
13.9% -
Inflation
0.72% -
Monetary Policies
1% ( The monetary policies stayed the same during 1938-1944). -
Government Spending
$20 billion -
European War
In 1940, the European War was damaging many businesses markets. -
Interest Rates
3.00% -
GDP
8.8% -
GDP Per Capita
6.84% -
Unemployment Rates
14.6% -
Business Cycles
8.8% -
CPI
14% -
Inflation
5.00% -
CPI
14.7% -
Monetary Policies
1% ( The monetary policies stayed the same during 1938-1944). -
Interest Rates
2.50% -
GDP
17.7% -
GDP Per Capita
17.06% -
Unemployment Rates
9.9% -
Business Cycles
17.7% -
Car Manufacturing
Car manufacturers were selling 3.3 million cars a year. -
Inflation
10.88% -
CPI
16.3% -
Monetary Policies
1% ( The monetary policies stayed the same during 1938-1944). -
Government Spending
$45 billion -
Money was needed.
Money was desperately needed for war at this time. -
GDP
18.70% -
GDP Per Capita
18.70% -
Unemployment Rates
4.7% -
Interest Rates
2.50% -
Business Cycles
18.9% -
Inflation
6.13% -
Monetary Policies
1% ( The monetary policies stayed the same during 1938-1944). -
Money Contributions
Many money contributions and fund raising events took place to raise money for war. -
GDP
17.0% -
GDP Per Capita
18.24% -
Unemployment Rates
1.9% -
Interest Rates
2.375% -
Business Cycles
17.0% -
CPI
17.3% -
Business Cycles
8.0% -
Monetary Policies
1% ( The monetary policies stayed the same during 1938-1944). -
Government Spending
$110 billlion -
Labor disputes
Many labor disputes and strikes happened. -
GDP
8.0% -
Unemployment Rates
1.2% -
Interest Rates
1.875% -
Inflation
1.73% -
CPI
17.6% -
GDP Per Capita
7.07%