Explain any five measures adopted by America for post war (after the First World War) recovery
Answers
The following are the five measures taken by the United States for post-war recovery:
1. Mass production: it became a characteristic of industrialization in the U.S. For instance, Henry Ford the owner of car manufacturing company.
2. Large investment: this period saw a large investment in residence and household goods. This gener-ated a series of extraordinary employment and earnings, increasing consumer interest, more investment.
3. Economic boom: small industries saw a boom in the production. The washing machine, the refrigera-tor industry saw the boom.
4. Export: in 1923 the US continued exporting resources to the world. US shipping and imports ex-panded European recovery and world commerce and earnings growth following the next six years.
5. Faster methods: the industrialists chose the method which was cheaper and faster for the production.