GoodForAmericanBusiness

= = __GOOD FOR AMERICAN BUSINESS__ **__Three Topics:__** Trade(Imports and Exports) Manufacturing during the war Unemployment statistics during war
 * __Thesis:__ ** The Topic "Good For American Business" is the biggest cause for why the U.S. went into the war because it saved the US from their recession and it help American Citizens by creating jobs for Women while the men were away at war and also created jobs for minorities too. This caused people to spend more money. Which created money flow throughout the country.It also increased the amount of money the U.S. was taking in since countries in Europe were in need of supplies such as Great Britain and France. lmao

__**Trade**__ U.S. exports to Europe rose from $1.479 billion dollars in 1913 to $4.062 billion in 1917. This means that we increased by 2.583 billion dollars. This comes to a total of 5.541 billions dollars in the United States' favor. With this money, The United States was able to spend money on their army and navy. Below is a graph that shows how much money was spent in millions.

Selected Economic Variables, 1916-1920 ||
 * ~ Table 1
 * || 1916 || 1917 || 1918 || 1919 || 1920 ||
 * 1. Industrial production (1916 =100) || 100 || 132 || 139 || 137 || 108 ||
 * 2. Revenues of the federal government (millions of dollars) || $930 || 2,373 || 4,388 || 5,889 || 6,110 ||
 * 3. Expenditures of the federal government (millions of dollars) || $1,333 || 7,316 || 15,585 || 12,425 || 5,710 ||
 * 4. Army and Navy spending (millions of dollars) || $477 || 3,383 || 8,580 || 6,685 || 2,063 ||
 * 5. Stock of money, M2 (billions of dollars) || $20.7 || 24.3 || 26.2 || 30.7 || 35.1 ||
 * 6. GNP deflator (1916 =100) || 100 || 120 || 141 || 160 || 185 ||
 * 7. Gross National Product (GNP) (billions of dollars) || $46.0 || 55.1 || 69.7 || 77.2 || 87.2 ||
 * 8. Real GNP (billions of 1916 dollars) || $46.0 || 46.0 || 49.6 || 48.1 || 47.1 ||
 * 9. Average annual earnings per full-time manufacturing employee (1916 dollars) || $751 || 748 || 802 || 813 || 828 ||
 * 10. Total labor force (millions) || 40.1 || 41.5 || 44.0 || 42.3 || 41.5 ||
 * 11. Military personnel (millions) || .174 || .835 || 2.968 || 1.266 || .353 ||

This is the increase of the exports and the years that it took to do it. You can see that there was more exports than imports. 

__**Manufacturing**__

Pertaining to the the rise of exports. Farmers enjoyed booming 4 years as agricultural prices rose and the international market for their products expanded. Farmers also modernized by using new technological advances. The war demanded for a lot Industrial Products which increased money for many companies. Also Steal production income doubled its prewar level by 1917. By all these massive productions, the U.S. had greater industrial efficiency and production.  (Here is a picture of steal production in the US during WWI) 

**__Unemployment__**

Unemployment was a big issue during the recession of the US before the war. During this time, many workers were being drawn into new manufacturing jobs. Since the United States was drawn into the war, they implemented a Military draft. This causing many young men to be removed from the civilian labor force. This allowed many women and minorities to be able to work. These people were well needed due to the fact that the US, Great Britain, and France needed supplies to fight in the war. Thus, the people who worked in these manufacturing jobs had a higher income. This led to people spending more and allowed a better flow of money circulation in the United States' economy. Overall, unemployment declined from 7.9 percent to 1.4 percent.

**__Resources:__**
 * __"The Economics of World War 1." //Nber.com//. National Bureau of Economic Research. Web. 10 Dec. 2009. . __**
 * __ Rockoff, Hugh. "US Economy in World War I". EH.Net Encyclopedia, edited by Robert Whaples. February 10, 2008. URL __**__[]__

 