There were several factors that allowed the United States Navy to rebuild its fleet so quickly after the devastation of the navy and the rest of the military with the attack on Pearl Harbor. The government made rebuilding the military and supplying the military a priority. The Reconstruction Finance Corporation, which operated during the Great Depression, was given new responsibilities. It provided loans to businesses to help them convert from peacetime production to wartime production. The government used the cost-plus policy that guaranteed business a profit by covering the cost of making an item with a profit added to that cost. As a result war materials, including ships, were made very quickly.
The government controlled the production of war materials during World War II. The War Production Board established production priorities and set production goals for businesses. The Office of War Mobilization was responsible for resolving any disputes that might arise between government agencies. The government wanted everybody on the same page working toward rebuilding the military in the Pacific and supplying the military in Europe and the Pacific. As a result of swift government action and a coordinated government effort, we were able to get back on our feet militarily faster than anybody or any country expected.
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