The Economic Consequences of U.S. Mobilization for the Second World War Field Alexander J.
The Economic Consequences of U.S. Mobilization for the Second World War Field Alexander J. A reminder that war is not always, or even generally, good for long-term growthMany believe that despite its…
Specifikacia The Economic Consequences of U.S. Mobilization for the Second World War Field Alexander J.
The Economic Consequences of U.S. Mobilization for the Second World War Field Alexander J.
A reminder that war is not always, or even generally, good for long-term growthMany believe that despite its destructive character, war ultimately boosts long-term economic growth. Alexander Field shows that between 1941 and 1945 manufacturing productivity actually declined, depressed by changes in the output mix and resource shocks from enemy action, including curtailed access to natural rubber and, on the Eastern Seaboard, petroleum. For the United States this view is often supported by appeal to the experience of the Second World War, understood as a triumph of both production and productivity.
Learning by doing was only a partial counterbalance to the intermittent idleness and input hoarding that characterized a shortage economy and The war forced a shift away from producing goods in which the country had a great deal of experience toward those in which it had little.
History of the Second World War
Tanks of the Second World War
The Second World War
Second World War