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through the interwar period. This was largely as a result of demographic components and to the employment situation that shall be additional commented upon. The wartime economic growth spurred and benefited from a number of important social developments. Foremost amongst these tendencies was the enlargement of employment, which paralleled the enlargement of industrial manufacturing. In 1944, unemployment dipped to 1.2 p.c of the civilian labor pressure, a document low in American financial historical past and as close to to “full employment” as is likely possible . Table three exhibits the overall employment and unemployment figures through the war period. As struggle unfold throughout Europe and Asia between 1939 and 1941, nowhere was the federal authorities’s Amazing paint water watercolor art coffee mugmanagement more essential than within the realm of “preparedness” — the national project to ready for warfare by enlarging the military, strengthening certain allies such as Great Britain, and above all converting America’s industrial base to produce armaments and other struggle materiel rather than civilian items. “Conversion” was the key concern in American financial life in . In many industries, firm executives resisted converting to army production as a result of they did not want to lose consumer market share to competitors who did not convert. Conversion thus
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