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Federal tax policy was highly contentious during the war, with President Franklin D. Roosevelt opposing a conservative coalition in Congress. However, both sides agreed on the need for high taxes (along with heavy borrowing) to pay for the war: top marginal tax rates ranged from 81% to 94% for the duration of the war, and the income level subject to the highest rate was lowered from $5,000,000 ...
The National War Labor Board, commonly the War Labor Board (NWLB or WLB), was an independent agency of the United States government, established January 12, 1942, by an executive order of President Franklin D. Roosevelt, the purpose of which was to mediate labor disputes as part of the American home front during World War II.
Following the attack on Pearl Harbor, the United States entered World War II to fight against Nazi Germany, Fascist Italy, and Imperial Japan, known as the "Axis Powers". Italy surrendered in 1943, and Germany and Japan in 1945, after massive devastation and loss of life, while the US emerged far richer and with few casualties.
President Franklin Delano Roosevelt addresses a joint session of United States Congress on 8 December 1941, asking Congress for a declaration of war. Following the attack on Pearl Harbor, President Roosevelt officially pronounced 7 December 1941, as "a date which will live in infamy" and asked for a declaration of war on Japan before a joint ...
In 1947, Congress responded to the strike wave by enacting, over President Truman's veto, the Taft–Hartley Act, restricting the powers and activities of labor unions. The act is still in force as of 2025. The strike wave also caused a rally in support for the Labour Party, prior to the 1945 United Kingdom general election. [12] [13]
After the war, the U.S. government demanded Britain compensate it for the damage caused by blockade runners and raiders outfitted in British ports. Britain paid the U.S. $15 million in 1871, but only for commerce raiding. [121] Dinçaslan argues that another outcome of the blockade was the rise of oil as a prominent commodity.
Congress pushed through the War Powers Resolution over presidential veto in 1973, moving forcefully to reclaim its authority over U.S. wars abroad as President Richard Nixon expanded the Vietnam War.
The War Powers Act of 1941, also known as the First War Powers Act, was an American emergency law that increased federal power during World War II. The act was signed into law by U.S. President Franklin D. Roosevelt on December 18, 1941, less than two weeks after the Japanese attack on Pearl Harbor .