America in 1940's

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America in the 1940’s

Facts About this decade

  • Population 132,122,000
  • Unemployed in 1940 - 8,120,000
  • National Debt $43 Billion
  • Average Salary $1,299. Teacher's salary $1,441
  • Minimum Wage $.43 per hour
  • 55% of U.S. homes have indoor plumbing
  • Antarctica is discovered to be a continent
  • Life expectancy 68.2 female, 60.8 male
  • Auto deaths 34,500
  • Supreme Court decides blacks do have a right to vote
  • World War II changed the order of world power, the  United States and the USSR became super powers
  • Cold War begins.

Different types of war profiteers can be distinguished ranging from single persons, to whole companies or trusts, and nations.

During and after  enormous profits were made by persons selling rare goods like , ,  and  on the .

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In general, all companies  increase their profits when war starts.

Furthermore, one can distinguish passive war profiteers from active war profiteers:

  • Passive war profiteers make profits from a war without influencing the duration and/or outcome of a war.
  • Active war profiteers, in addition to making profits from a war, have a vital interest in starting and prolonging wars in order to make or increase their profits. 's  Company sold weapons to all the parties involved in the .

Making profits form war was highly frowned upon.

Making unreasonable profits from war is widely considered unethical ...

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