During World War I, the U.S. government took a proactive role in managing the economy to support the war effort, which involved significant collaboration with various agencies. The Food Administration, led by Herbert Hoover, focused on maximizing food production and conserving resources to supply both the military and allies, leading to initiatives such as the "Food Will Win the War" campaign. The War Industries Board (WIB) was established to coordinate industrial production, prioritize resource allocation, and streamline the manufacturing of war materials, which resulted in increased output and efficiency but also led to rising prices and shortages in consumer goods. Meanwhile, the War Labor Board negotiated labor disputes and advocated for fair wages and working conditions, helping to stabilize labor relations during a time of heightened demand for workers. Collectively, these efforts helped mobilize the American economy for wartime production, significantly boosting industrial growth and employment but also contributing to inflation and socioeconomic changes that affected the post-war economy.
Write a paragraph describing how the US government managed the economy during world war 1 and the economic effects of that management consider the roles played by the food administration the war industries board and the war labor board
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