key term - War Industries Board

Definition

The War Industries Board (WIB) was a U.S. government agency established in July 1917 to coordinate the production of war materials during World War I. It played a crucial role in managing the transition of industries from peacetime to wartime production, ensuring that the military and allies received necessary supplies while also promoting efficiency and eliminating waste.

5 Must Know Facts For Your Next Test

1. The WIB was responsible for prioritizing the allocation of raw materials and coordinating with businesses to meet wartime production goals.
2. One of its significant achievements was standardizing production processes, which helped increase efficiency and reduce costs.
3. The WIB also encouraged factories to convert from peacetime production to manufacturing war supplies, including weapons, vehicles, and uniforms.
4. To finance the war, the WIB promoted Liberty Bonds, which raised funds for military operations while engaging American citizens in the war effort.
5. After the war ended in 1918, the WIB was disbanded as the nation transitioned back to peacetime industry.

Review Questions

• How did the War Industries Board influence the American economy during World War I?
  • The War Industries Board had a profound impact on the American economy by overseeing the shift from peacetime manufacturing to war production. It coordinated efforts across various industries to ensure that essential materials were produced efficiently and effectively. This transition not only boosted industrial output but also laid the groundwork for increased government involvement in economic affairs, which would continue into later decades.
• Evaluate the effectiveness of the War Industries Board in managing wartime production and its legacy after World War I.
  • The effectiveness of the War Industries Board can be seen in its ability to streamline production and significantly increase output of war materials. By implementing standardized practices and coordinating supply chains, it ensured that military forces were well-equipped. However, its legacy also includes raising questions about government intervention in the economy, as many businesses became accustomed to federal oversight, leading to debates about regulation that continued long after the war ended.
• Assess how the creation and actions of the War Industries Board reflect broader changes in American society during World War I.
  • The creation and actions of the War Industries Board reflect significant changes in American society, highlighting a shift towards centralized government control over economic activities during times of crisis. The WIB's establishment marked a departure from traditional laissez-faire policies, showcasing how wartime necessities prompted increased federal involvement in industry. This change set a precedent for future government roles in economic management, influencing policies during subsequent conflicts and shaping modern American economic practices.

Related terms

Bernard Baruch: A businessman and politician who was appointed to lead the War Industries Board, playing a key role in mobilizing U.S. industry for World War I.

Liberty Bonds: Government-issued bonds sold to the public to finance the U.S. participation in World War I, promoting citizen investment in the war effort.

National War Labor Board:

An agency created to mediate labor disputes during World War I, ensuring that strikes did not disrupt war production.