Asked by Apneet Sandhu on May 31, 2024
Verified
How did World War II affect American big business?
A) Between 1940 and 1945 the profits of the nation's large corporations doubled.
B) The defense industry favored small businesses over large corporations.
C) Out of a sense of patriotism, corporations kept their profit margins to a minimum.
D) While some corporations did well, others lost fortunes in developing new weapons.
American Big Business
Large-scale, corporate enterprises that emerged in the United States during the 19th and early 20th centuries, often characterized by monopolistic practices, significant economic power, and influence over government policies.
Defense Industry
An industry involved in the production of technology, equipment, and services for the purpose of national defense and security.
- Attain understanding of the impact World War II left on the economic, social, and political facets of the United States.
Verified Answer
Learning Objectives
- Attain understanding of the impact World War II left on the economic, social, and political facets of the United States.
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