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U.S. Open for Business

by A. Montalbano on 02/15/17

During WW2, unemployment became scarce as millions took jobs at war production plants.  Rationing was the selfless act of the American effort as every vital resource was conserved.  Coupons were purchased by consumers limiting the used of ingredients such as coffee and sugar.  Driving was limited as rubber was required for military production and recycling.   Upon the end of the war, the U.S. aided the greatly suffered Western European sector but included its own reconstruction back home. (WW2 Museum).

Economic growth was triggered by pent-up consumer demand. A housing boom stimulated by affordable mortgage lending for returning servicemen helped fuel the need for community development.  Spurts in other industries such as the automobile, increased consumer choices.  A new middle class of consumers rose as a jump in post-war births, better known as "baby-boomers", climbed in record numbers. The service sector outranked the product sector.  More Americans could afford college and therefore a greater number of workers held jobs in the white collar sector rather than the blue collar sector.

In 1952, President Eisenhower created the Small Business Administration in place of the Small War Plants Corporation to help the small entrepreneur compete with big business. He believed guidance was a better model for success.  Today, the SBA is federally funded to provide an array of programs to help assist small enterprises.  This includes contract procurement,management assistance, and business outreach services to women, minorities and veterans.
This includes contract procurement, management assistance, and business outreach services to women, minorities, and veterans.

In the wake of economic growth, business, no matter how big or small, makes the world go 'round. 

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