The wartime economy - Thewartimeeconomy ,ships,andtanks....

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The wartime economy.  Success on the battlefield hinged on the rapid conversion of American industry from producing  consumer goods to making planes, ships, and tanks. This transformation was overseen by a new  federal agency, the War Production Board ( WPB), which was responsible for the allocation of scarce  raw materials and supplies. By early 1942, automobiles, refrigerators, washing machines, and even  tennis balls ceased to be manufactured because the steel and rubber were needed for the war.  Private residential housing construction also ceased because lumber was critical to the war effort.  The Reconstruction Finance Corporation made loans available for businesses to expand plants and  finance new equipment. Government contracts also guaranteed war-related industries significant  profits and exemption from antitrust action. The demands of war made the manufacturing process 
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  • Fall '08
  • Marshall
  • Reconstruction Finance Corporation, War Production Board, National War Labor, federal tax policy, wartime economy.  Success, new equipment. Government

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