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America in 1940's

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Introduction

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. ...read more.

Middle

Defining 'excessive' accurately is difficult, however, and such legislation frequently allows some instances of profiteering to go unchecked while reducing the income of others' war-related business to loss-making levels. One of the points of the Nazi Manifesto was the implementation of the death sentence to profiteers, especially war profiteers. 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. ...read more.

Conclusion

* 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. Basil Zaharoff's Vickers Company sold weapons to all the parties involved in the Chaco War. Making profits form war was highly frowned upon. Making unreasonable profits from war is widely considered unethical and is deeply unpopular, so attempts to prohibit excessive war profiteering, such as the imposition of an excess profits tax, receive much political support in wartime. Defining 'excessive' accurately is difficult, however, and such legislation frequently allows some instances of profiteering to go unchecked while reducing the income of others' war-related business to loss-making levels. One of the points of the Nazi Manifesto was the implementation of the death sentence to profiteers, especially war profiteers. ...read more.

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