By S. Rosenberg
This clearly-written ebook presents an ancient research of postwar financial improvement within the US, assisting the reader to appreciate the nation's present monetary place. Samuel Rosenberg investigates 3 postwar levels: the construction of an institutional framework atmosphere the degree for prosperity within the US after global struggle II, the forces undermining this institutional framework and the ensuing stagflation of the Seventies, and the game of a brand new institutional constitution within the Nineteen Eighties. easy monetary strategies are brought and defined all through and particular cognizance is paid to macroeconomic coverage, commercial kinfolk, the position of the USA on the planet economic system, social and hard work coverage, the constitution of the exertions strength, and the distribution of source of revenue by way of race and gender.
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Extra info for American Economic Development Since 1945: Growth, Decline and Rejuvenation
Just as with black men, the most important factor explaining the wide availability of work for women was the shortage of white male workers. In the early phase of the defense buildup very few women were hired by the defense industries, primarily due to the large backlog of unemployed white men on which the munitions industries could draw. In addition, many employers felt hiring women would increase their cost of production. Women were viewed as lacking mechanical ability. New bathrooms would have to be built.
81). The three major topics of concern faced by the NWLB were union security, worker compensation and day-to-day contract administration. Labor, in giving up the right to strike, surrendered its most powerful weapon at a time of low unemployment when its bargaining power would have been strongest. Union leaders wished a strong union security provision in return. This would protect them from anti-union employers trying to convince workers that unions were unnecessary, as unions had given up their major weapon and the NWLB was regulating wage increases.
Nonmilitary, nonessential use of steel, copper, other metals and rubber was prohibited. As a result by September 1942, the production of the following items for civilian use had been prohibited: electric refrigerators, vacuum cleaners, sewing machines, electric ranges, washing machines, radios, phonographs, metal household furniture and many other household appliances. There was a reduction and simplification of styles of many consumer goods (Webb, 1942, 1943). The conversion of existing facilities was not adequate to meet defense needs.