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How did the War Industries Board WIB led by Bernard Baruch prepare the US for World War 1?
The WIB regulated all industrial output.
What was the purpose of the war industries board (WIB)?
It determined the products industries would make, where those products went, and how much they would cost.
What powers did the war industries board have?
During World War I, the War Industries Board (WIB) had significant powers to coordinate and oversee production and procurement of war-related goods. It had the authority to allocate resources, set priorities, and establish production quotas for industries involved in war production. The WIB could also regulate prices, control raw materials, and resolve labor disputes to ensure an efficient and effective mobilization effort for the war.
In what ways did industry impact the war?
American industry was probably mostly responsible for technological victory in World War II. Because of the productivity of American factories, the US was able to fight a successful war on two fronts.
How was the federal government able to finance the increase production of goods and supply during World War 1?
During World War I, the federal government financed the increase in production of goods and supplies through various means, including the establishment of the War Industries Board (WIB), which coordinated industrial production and prioritized resources for war efforts. Additionally, the government issued war bonds and raised income taxes to fund military expenditures. The use of loans from banks and the public also played a crucial role in financing the war, enabling the rapid expansion of factories and production capabilities to meet the demands of the conflict.
