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In this essay, I am going to show why war was a wealthy time for America during the years of 1945 - 63.

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Introduction

In this essay, I am going to show why war was a wealthy time for America during the years of 1945 - 63. It was around the years of 1929 that the Great Depression hit America. In 1939, the unemployment level was at 9.5 Million, which was 17 percent of the working population. Unemployment began to fall further as government increased expenditure. It was in 1944 when unemployment fell to just 670,000. Now every American that wished for a job could now have one. The Gross National Product (GNP) almost doubled during the 1950s as America was producing half of the world's goods. World War 2 was a trigger to making America a wealthy country. It brought an end to the Great Depression in America. ...read more.

Middle

More growth in the economy was in 1942, when car makers started to produce munitions. Eisenhower was a popular American General and a war hero. He led the allies to victory in World War 2. This chart shows the average wages of factory workers during the years 1939 until 1959. As people became more affluent, many of them moved to new homes in well planned and self contained suburban communities. Cars, televisions, fridges, washing machines and other countless gadgets came to be considered necessary. People were able to buy a television, yet without paying the full price in one amount sum. Citizens were now able to buy an item, and pay for it long term. This means that, they could buy a new television for $500, and pay for it over 5 years, paying $10 per month. ...read more.

Conclusion

Therefore, I can conclude why America's wealth grew from 1945 - 63. The main reason for this was World War 2. The war brought and end to the Great Depression. This meant that every person who wished for a job could now have one. America was producing over half of the world's goods causing a big 'boom' in the economy. New businesses were created and old ones now had spaces to employ new workers. Farmers were guaranteed market in feeding the armed forces as good weather ensured crops. Teenagers had more money to spend on themselves than parents ever had during the Great Depression. Both male and female had jobs, female working in factories replacing the men out at war. President Eisenhower did much to encourage economy to grow: cutting taxes on businesses and wealthy individuals. The government gave out loans and mortgages to help people buy their own home. Lee Martin GCSE Assignment Part1 Why was war so prosperous in years 1945 - 63? ...read more.

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