summarize this text to a short paragraph: During World War I, the U.S. government assumed a much more active role in managing the national economy than it had in the past. This was done through the establishment of several agencies, including the Food Administration, the War Industries Board (WIB), and the War Labor Board. The Food Administration, led by Herbert Hoover, was responsible for ensuring that the military and the civilian population had enough food. It set prices and controlled distribution to prevent hoarding and profiteering. The WIB, on the other hand, was tasked with coordinating the production of war materials. It set production priorities and established centralized control over raw materials and prices. Lastly, the War Labor Board was created to prevent labor disputes that could disrupt war production. It helped to mediate between workers and employers and set policies to improve working conditions. The overall effect of this government intervention was a significant increase in industrial production and efficiency, which helped the U.S. to effectively mobilize for war. However, it also led to inflation and a cost of living increase for many Americans.

Answer 1

During World War I, the U.S. government took a more active role in managing the national economy by establishing agencies like the Food Administration, the War Industries Board (WIB), and the War Labor Board. The Food Administration, led by Herbert Hoover, ensured food supply for both military and civilians. The WIB coordinated war materials production and controlled prices, while the War Labor Board mediated labor disputes and improved working conditions. This government intervention increased industrial production and efficiency, aiding the U.S. in mobilizing for war, but also caused inflation and a rise in the cost of living for many Americans.