Write a paragraph describing how the U.S government managed the economy during WWI and the Economic effects of that management. Consider the roles played by the Food Administration, War Industries Board, and the War Labor Board.

Question

4-5 sentences

Answer 1

During WWI, the U.S. government managed the economy through various agencies such as the Food Administration, War Industries Board, and War Labor Board. The Food Administration, led by Herbert Hoover, regulated food production and distribution to ensure that soldiers and civilians were adequately fed. The War Industries Board oversaw the production of war materials and allocated resources efficiently. Meanwhile, the War Labor Board mediated disputes between labor and management to prevent strikes and maintain production levels. These efforts led to increased government involvement in the economy and helped to stabilize prices and maintain production levels during the war.