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A war economy or wartime economy is the set of preparations undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence."
Military production during World War II was the production or mobilization of arms, ammunition, personnel and financing by the belligerents of the war, from the occupation of Austria in early 1938 to the surrender and occupation of Japan in late 1945.
The War Production Board (WPB) was an agency of the United States government that supervised war production during World War II. President Franklin D. Roosevelt established it in January 1942, with Executive Order 9024. [1] The WPB replaced the Supply Priorities and Allocations Board and the Office of Production Management. [2]
By late 1944, almost the entire German economy was dedicated to military production. The result was a dramatic rise in military production, with an increase by 2 to 3 times of vital goods like tanks and aircraft, despite the intensifying Allied air campaign and the loss of territory and factories.
Prior to World War II, Soviet Azerbaijan was one of the world's largest producers of oil, oil products, and petroleum equipment, hugely contributing to the Soviet Union to be ranked next to the United States and Canada in oil production. Despite ongoing military actions, Baku remained the main provider of fuels and lubricants, sending 23.5 ...
The frequent use of drones in the Russia-Ukraine war has put drone production under the spotlight. Experts say the US needs to boost drone demand to increase production and close the gap with China.
A top military official with NATO warned businesses on Monday to be ready for a wartime scenario, which could entail adjusting production and distribution lines to be less vulnerable to blackmail ...
The Defense Production Act (DPA) of 1950 (Pub. L. 81–774) is a United States federal law enacted on September 8, 1950, in response to the start of the Korean War. [1] It was part of a broad civil defense and war mobilization effort in the context of the Cold War .