Term
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Definition
| type of government contract in which the government agreed to pay a company whatever it cost to make a product plus a guaranteed percentage of the costs as profit |
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Term
| Reconstruction Finance Corporation |
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Definition
| a government agency that made loans to companied help cover the cost of converting to war production |
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Term
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Definition
| the basic cargo ship used during the war |
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Term
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Definition
| a government agency with the authority to set priorities and production goals and to control the distribution of raw materials and supplies |
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Term
| Selective Service and Training Act |
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Definition
| a plan for the first peacetime draft in American history |
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Term
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Definition
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Term
| What did FDR and his advisers believe was the quickest way to mobilize the economy? |
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Definition
| They believed it was to give industries motivation to move quickly. |
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Term
| The government agreed to play a company whatever is cost to make a _______ plus a guaranteed ______ of the cost as profit. |
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Definition
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Term
| Under that system the more a company produced and the faster it did the work the more ______ it would make. |
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Definition
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Term
| The government gave Reconstruction Finance Corporation permission to __________ to companies to ______ them cover the cost of converting to war production. |
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Definition
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Term
| What are examples of industial conversion? |
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Definition
| trucks, jeeps, and tanks. They also made rifles, mines, helmets, and other pieces of military equipment. They also invented the B-25 bomber. |
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Term
| What did the victory depend on? |
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Definition
| building up military forces |
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Term
| What was the effect on cost-plus system on production? |
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Definition
| It helped products produce faster and help a company build up. |
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Term
| What was the advantage of making welded rather than riveted ships? |
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Definition
| It made them cheap and easy to build and harder to be attacked on and destroyed. |
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Term
| In addition to changing industies to war production, the country had to build up its _______. |
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Definition
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