Hist 390 WWII- Before the Cold War

In the 1940’s, the entire economy in America was engaged in the war effort. The GI Bill was passed which helped transform American economics, making college education more meaningful. It especially helped veterans of WWII by granting them tuition payments, expenses to attend school and low mortgages. Millions of people as a result were able to achieve higher levels of education which became a major contributor to the economic growth in America. Another body of power with control during this time was the Office of Price Control. They were empowered to set the price and establish rations for goods deemed vital. Items like gas, rubber, and food were things being rationed. During the four years of the war, food prices couldn’t be raised on 90% of the food supply. Also discussed during class was, “As we may think” by Vannevar Bush. In the article, he talks about how the technological advances have not been an extent of a man’s mind. He noted that machines with interchangeable parts were now being heavily funded and constructed with efforts from the economy. Machines like the typewriter, movie camera, and automobile are some of the few things being mass produced.

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