By S. Rosenberg

This clearly-written e-book offers an ancient research of postwar financial improvement within the US, supporting the reader to appreciate the nation's present monetary place. Samuel Rosenberg investigates 3 postwar stages: the production of an institutional framework atmosphere the level for prosperity within the US after global struggle II, the forces undermining this institutional framework and the ensuing stagflation of the Nineteen Seventies, and the game of a brand new institutional constitution within the Nineteen Eighties. easy monetary strategies are brought and defined all through and particular recognition is paid to macroeconomic coverage, business kinfolk, the position of the U.S. on this planet economic climate, social and hard work coverage, the constitution of the hard work strength, and the distribution of source of revenue through race and gender.

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Extra info for American Economic Development Since 1945: Growth, Decline and Rejuvenation

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While the NWLB and its rules would quickly disappear from the scene at the end of the war, its decisions would continue to influence the overall direction of labor–management relations in the postwar period. Unions would not disappear nor would collective bargaining. However, with the end of the war, the nature of collective bargaining and with it the proper roles of labor and management would be in dispute. ECONOMIC MOBILIZATION FOR SURVIVAL 39 By the end of the 1946, most of the administrative controls would be removed from the economy and many of the war-time agencies would be dismantled.

THE STABILIZATION OF LABOR–MANAGEMENT RELATIONS An increased supply of labor was important for the growing war economy. But the needed weapons would not have been made without relatively peaceful relations between employers and workers. 28 AMERICAN ECONOMIC DEVELOPMENT Substantial labor–management strife would delay production and likely increase its cost. Thus, a central goal of the Roosevelt administration was to create an environment in which relatively stable industrial relations would evolve.

Finally, on June 9, 1941, he ordered the Army to reopen and operate a struck North American Aviation plant in Inglewood, California. With the bombing of Pearl Harbor by the Japanese on December 7, 1941, production for the war effort took on added urgency. On December 17, 1941, President Roosevelt convened a conference of representatives of labor, management and the government to lay the basis for peaceful industrial relations in defense industries. Though substantial differences remained, from this conference emerged a no-strike pledge on the part of labor and a no-lockout pledge on the part of management and the creation of an NWLB.

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