Search results
Results from the WOW.Com Content Network
At the start of the war, Britain had spent the money that it did have in normal payments for materiel under the "US cash-and-carry" scheme.Basing rights were also traded for equipment, e.g., the Destroyers for Bases Agreement, but by 1941 Britain was no longer able to finance cash payments and Lend-Lease was introduced.
The United States home front during World War II supported the war effort in many ways, including a wide range of volunteer efforts and submitting to government-managed rationing and price controls. There was a general feeling of agreement that the sacrifices were for the national good during the war.
$1000 U.S. government loan for the Mexican–American War. Governments throughout history have needed to borrow money to fight wars. Traditionally they dealt with a small group of rich financiers such as Jakob Fugger and Nathan Rothschild, but no particular distinction was made between debt incurred in war or peace.
The history of the United States from 1917 to 1945 was marked by World War I, the interwar period, the Great Depression, and World War II. The United States tried and failed to broker a peace settlement for World War I , then entered the war after Germany launched a submarine campaign against U.S. merchant ships that were supplying Germany's ...
The history of the United States public debt began with federal government debt incurred during the American Revolutionary War by the first U.S treasurer, Michael Hillegas, after the country's formation in 1776. The United States has continuously experienced fluctuating public debt, except for about a year
Unlike the loans in World War I, the United States made large-scale grants of military and economic aid to the Allies through Lend-Lease. Industries greatly expanded to produce war materials. The United States officially entered World War II against Germany, Japan, and Italy in December 1941, following the Japanese surprise attack on Pearl Harbor.
Roosevelt argued that the "political rights" guaranteed by the Constitution and the Bill of Rights had "proved inadequate to assure us equality in the pursuit of happiness". His remedy was to declare an "economic bill of rights" to guarantee these specific rights: Employment (right to work [notes 1]) An adequate income for food, shelter, and ...
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.