Managing the Nation's Finances

U.S. president Franklin D. Roosevelt (1882–1945; served 1933–45) had two major home front financial concerns during World War II (1939–45): how to finance the very expensive war effort and how to control the greatly altered home front economy. Solutions for both problems were intertwined. During World War I (1914–18) prices of goods and services in the United States had risen 62 percent, causing much economic hardship on the U.S. home front. Roosevelt was determined to avoid such dramatic inflation (prices of goods rising faster than wages)...

[The entire page is 5186 words long]

Join eNotes

The above is a free excerpt. Get total access to this content with the:

Lookup any word on eNotes with our dictionary. Highlight the word and press SHIFT + D for a definition, or SHIFT + T for a synonym.