Affluent Society 1950 Term Paper Example | Topics and Well Written Essays - 250 words

Affluent Society 1950 - Term Paper Example During the World War, Roosevelt declared Detroit as Arsenal of Democracy. Most of the American males were involved in War and women were also called to develop weapons in Arsenal of democracy. Subsequently, unemployed had already dropped suddenly. On the other hand, America fortunately did not lose much of its assets during war. As the World War ended American businessman saw an open world to market it out whatever goods they could make. Rest of the world was somehow under deep requirements to overcome from damages that had hurt international economy quite badly. As DeGrasse (1981) puts factually: Before the World War, United States was mired in the great depression. Unemployment which had been as high as 24.9 in 1933 still averaged 14.6 in 1944. During the World War unemployment dropped rapidly. In 1942 it averaged 4.7 and in 1944 it reaches wartime 1.2. As a result, a number of populations had got various jobs in overwhelming economy that created a booming middle class. Earlier thi s boom could not be recognized so clearly. However, as American Business expanded through the world, this class continued to spread. Further, it became the base of future economic and marketing development of American society which helped America to soon reach at the status of an economic superpower.