Hoover Administration - Domestic Issues
Domestic Issues
Overall, the impact of World War I (1914–18) on the economy was beneficial. Demand for manufactured goods rose in a spectacular fashion as U.S. steel and all sorts of raw materials and other goods flowed toward Europe. Another impact of the war was the development of technology under the force of demand and through generous federal military spending. By 1920 automobiles, airplanes, and radios were being produced in large quantities, and the workforce in these industries had accumulated vast experience in assembling these products. Plants were in place, and a sophisticated infrastructure of support existed: thousands of rural workers had moved to the industrial centers. When the war ended and demand for goods associated with the war lessened, production was aimed at consumers who had seen goods manufactured in previous years directed at the war effort. Backed fully by the hands-off policy of government led by...
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