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In 3-4 sentences, describe the economic impact of WWI on the world economy. What economic changes occurred in the 1920's that are examples of the impact of war on world societies, including the United States?
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1
Answer:
it took the United States out of recession into a 44 month economic boom
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2
Answer:
WW1 caused economical crisis that affected the whole Europe, but also United States.
Explanation:
The First World War significantly shook the economies of many countries, causing world-wide repercussions and questioning the position of the leading economies of the time.
There was a re-positioning of world power and influence.
Before the war, Europe was the world center of industry and capital.
However, the heavy fighting that took place on Europe's soil during the war and the massive devastation devastated European economies and caused damage from which they failed to recover throughout the interwar period.
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