Sunday, June 01, 2014

Take a good look now.

What happened to the USA economy after the minimum wage was set?

Well, look at that, it went from red to blue. I'll be darn. All that spending to improve the country and a minimum wage to be sure the majority of the nation was eating. Wow.

There was a war though.

November 1940
Franklin Roosevelt is elected to an unprecedented third term as president, defeating Wendell Willkie. FDR's victory is seen as proof of the nation's support of his war policies. Roosevelt lobbies Congress to pass the Lend-Lease Act, which will aid Britain in its struggle to fend off Germany.
In little over a year, following Japan's December 1941 bombing of Pearl Harbor, the U.S. will enter the war in the Pacific and in Europe. The war effort will jump-start U.S. industry and effectively end the Great Depression.

War, OMG. We have to sacrifice and the country needs all the money in the treasury and Wall Street has to flourish to keep all those war machines coming.

February 4, 1939 - Yalta Conference - Post war Germany was handled by the allies and Russia would join the war with Japan.

October 24, 1939 - Minimum wage increased to 30 cents per hour.

Japan surrenders to USA September 2, 1945.

October 24, 1945 - Minimum wage increased to 40 cents per hour.