Write a paragraph describing how the U.S. government managed the economy during World War I and the economic effects of that management. Consider the roles played by the Food administration, The War Industries Board, and the War Labor Board.

Answer 1

During World War I, the U.S. government took an active role in managing the economy to support the war effort. The Food Administration, led by Herbert Hoover, worked to conserve food resources and increase production by encouraging Americans to participate in voluntary rationing and conservation measures. The War Industries Board, headed by Bernard Baruch, oversaw the industrial sector, setting priorities for production and controlling prices to prevent inflation. The War Labor Board mediated disputes between workers and employers to prevent strikes and maintain productivity. Overall, these efforts helped to support the war effort, but also led to economic changes such as increased government intervention, price controls, and the growth of organized labor. After the war, some of these changes continued, such as the growth of unionization, while others were gradually rolled back.