U. S. Statutes at Large (78th Cong., 2nd Sess., p. 284-301)


Distribution of Family Income



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Distribution of Family Income



1941

1944

Wealthiest 5%

24

20.7

Wealthiest 20%

48.8

45.8

Second Wealthiest 20%

22.3

22.2

Middle 20%

15.3

16.2

Second Poorest 20%

9.5

10.9

Poorest 20%

4.1

4.9


Use the graph shown below to answer the following questions.

8. An assumption that can be made based upon the data shown in

the graph is that…

a) an increase in defense spending helped to end the Great

Depression..

b) American defense companies overcharged the

government during War II.

c) a decrease in unemployment caused an increase in

defense spending.

d) more African Americans than whites were hired during WWII.

9. According to the graph, unemployment

a) peaked in 1945.

b) hit bottom in 1948.

c) peaked in 1933.

d) dropped significantly from 1945 to 1947.

10. According to the graph, defense spending

a) experienced its greatest rate of single-year growth between

1942 &1943.

b) experienced its greatest rate of single-year decline between

1946 & 1947.

c) ended the decade of the 1940’s where it had begun.

d) increases always led to decreases in unemployment.



Labor Force Participation



Males

Females

1940

55%

28%

1944

62%

37%

1947

57%

31%



Average Earnings

1940

$1,300

1944

$2,108

1947

$2,589



Personal Savings

1940

$ 4.2 billion

1941

11.1 billion

1942

27.7 billion

1943

33.0 billion

1944

36.9 billion

1945

28.7 billion

1946

13.5 billion

1947

4.7 billion

Questions to Think About

11. What impact did World War II have on family

income, the distribution of income, earnings, labor

force participation, and savings?

12. What happened to women's participation in the

labor force during and after the war?

13. World War II definitely appeared to, generally

speaking, have a positive economic impact upon

the U.S..

Based on the economic impact (good or bad) that



a war will have on the United States, how important a factor should this be when the United States decides whether or not to go to war? Consider national security, morality, loss of life, etc. as you make your argument.


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