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Impact of WW2 (Economic (How they funded all this (War bonds: This meant…
Impact of WW2
Economic
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How they funded all this
War bonds: This meant people did not have to serve but could contribute by giving money to the government which they were told they would eventually get back.
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Suburbia
Due to the great economic impact of WW2 people had more money and so could afford to move out into the suburbs.
This was also influenced by the growth of automobiles meaning people could live in the suburbs and work in the city.
The atomic era
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100,000 jobs were created through this project
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Political
The 1944 “GI Bill” provided veterans with business start-up loans, mortgage assistance and free college education ($14.5 billion spent, 1945-56).
Military industrial complex was where the government paid private businesses to build military equipment.
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