Question
upstudy study bank question image url

When did the economy first start to improve? (A) at the start of WWII (B) when WWII ended (C) when books were written about it (D) when the Social Security Act was passed

Ask by Dickson Chen. in the United States
Feb 03,2025

Real Tutor Solution

Tutor-Verified Answer

Answer

The economy first started to improve when the Social Security Act was passed.

Solution

The improvement of the U.S. economy began with the implementation of New Deal policies during the Great Depression. One significant piece of legislation was the **Social Security Act**, passed in 1935. This act helped provide financial security to the elderly, unemployed, and disadvantaged, laying the foundation for economic stabilization and recovery. While the economy saw substantial growth and a more definitive improvement with the onset of World War II (Option A) due to increased industrial production and job creation, the **first signs of economic improvement** can be traced back to the passage of the Social Security Act. **Answer:** (D) when the Social Security Act was passed

Reviewed and approved by the UpStudy tutoring team

error msg
Explain
Simplify this solution

Mind Expander

The economy began to show signs of improvement at the start of WWII, primarily because the war effort stimulated massive industrial production and job creation. Factories shifted from producing consumer goods to war materials, significantly reducing unemployment as millions of Americans went to work to support the nation’s military efforts. After the war ended, the economy continued to grow rapidly in what was known as the post-war economic boom, driven by returning soldiers, pent-up consumer demand, and the expansion of new technologies. This period also saw significant growth in the middle class and increased standards of living for many Americans.

Related Questions

Latest Economics Questions

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy