Right a paragraph describing how the US government manage the economy during World War in the economic effects of that management consider the roles played by The Food Administration the War Industries Board (WIB) in the war Labor Board. I do not get this question please help me
Certainly! The question is asking you to write a paragraph describing how the US government managed the economy during World War I, specifically focusing on the role of three entities: The Food Administration, the War Industries Board (WIB), and the War Labor Board.
To answer this question, you will need to conduct research on these three organizations and their contributions to the US economy during World War I. Start by looking for information on the functions and responsibilities of each organization.
The Food Administration, led by Herbert Hoover, played a crucial role in managing the US economy during the war. Its main objective was to ensure effective food production and distribution, both domestically and internationally. The agency implemented measures such as rationing and price controls to promote efficient resource allocation and prevent excessive inflation. By conserving resources and coordinating with farmers, the Food Administration successfully increased food production and minimized the impact of food shortages on the home front.
The War Industries Board (WIB), headed by Bernard Baruch, was established to oversee the production and distribution of war materials. This board had broad powers and authority, enabling it to regulate industries, allocate resources, and ensure the efficient production of war-related goods. The WIB incentivized increased production, set production priorities, and resolved conflicts between industry and the military. By coordinating industry efforts, the WIB facilitated the rapid expansion of the US war machine and helped establish a solid foundation for the country's military-industrial complex.
The War Labor Board, on the other hand, aimed to maintain labor stability and resolve disputes between workers and employers during the war. It played a role in preventing labor strikes that could have disrupted wartime production. The board addressed issues such as working hours, wages, and working conditions, thus ensuring a stable labor force and industrial productivity throughout the war.
In conclusion, during World War I, the US government managed the economy by establishing key entities such as the Food Administration, the War Industries Board, and the War Labor Board. These organizations played crucial roles in ensuring the production, distribution, and stability of food supplies, war materials, and labor during the war. Conducting further research on these topics will provide you with more detailed information and help you create a comprehensive paragraph.