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.
In
the wake of economic growth, business, no matter how big or small,
makes the world go 'round.
This includes contract procurement, management assistance, and business outreach services to women, minorities, and veterans.
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