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Women have started to work
Because of the U.S.' increase in need for supplies, women had started working in factories as opposed to just men. -
Unemployment rate 9.9%
While not being a fantastic rate for unemployment, the U.S. had just gotten out of the Great Depression, meaning that this was actually a very large increase. -
Period: to
The economy from 1941-1950
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More Women Working
The U.S. began to put up posters asking women to work, increasing the number of women in the workforce even more -
Unemployment rate 4.7%
A significant decrease from the year before, the U.S. was moving in the right direction in terms of creating jobs. -
U.S. Increases Production
The U.S. had started to increase production of airlines in particular, creating even more jobs. -
Unemployment rate 1.9%
Another large decrease, and one of the lowest in U.S. history. -
U.S. becomes largest producer
In 1944 the U.S. became the largest producer in the world, over 5x that of Japan. -
Unemployment rate 1.2%
The lowest unemployment rate in U.S. history since it had started being recorded. 1.2% means that only 166000 people were unemployed. -
WW2 ends
This put an end to lots of production, meaning many jobs were lost -
Unemployment rate 1.9%
A slight increase from the year prior yet still very low, this is the lowest unemployment rate since then. -
Employment Act Passed
The Employment Act ensured that any American able to work and seeking work had the right to a full-time job. -
Unemployment rate 3.9%
A significant increase from the year prior, this is the highest the unemployment rate had been in 4 years. -
Inflation increase of 18%
The highest inflation has ever affected the dollar since -
Cold War begins
The beginning of the Cold War caused the U.S. to create more production jobs, not quite as much as in WW2 however. -
Unemployment rate 3.6%
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Marshall Plan negotiated
The Marshall Plan was a plan to provide relief to Europe from the U.S. costing 15 billion dollars. -
Unemployment rate 4%
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Truman Re-elected
President Harry S. Truman was re-elected for his second term in office. -
NATO formed
NATO was an alliance between all North Atlantic countries, including the U.S. -
Unemployment rate 6.6%
A significant increase from the year before, this was the highest the unemployment rate would be for over a decade. -
Korean War Begins
The beginning of the Korean War began to create more jobs in the U.S. -
Minimum Wage increased to $0.75
In modern money, $0.75 is $8.31, higher than today's minimum wage. -
Unemployment rate 4.3%
The start of the Korean War saw the creation of much more jobs.