Discuss the impact of the first world war on the world economy.
Answers
Answer:
World War I took the United States out of a recession into a 44-month economic boom. 30 Before the war, America had been a debtor nation. After the war, it became a lender, especially to Latin America. U.S. exports to Europe increased as those countries geared up for war.
Explanation:
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Answer:
World War I took the United States out of a recession into a 44-month economic boom. 30 Before the war, America had been a debtor nation. After the war, it became a lender, especially to Latin America. U.S. exports to Europe increased as those countries geared up for war.
World War I was a global military conflict from 1914 through 1918. It killed 9 million soldiers, wounded 21 million, and left 7 million disabled. Another 10 million civilians died. Germany and France each lost 80% of their male population aged between 15 and 49.
It was called the Great War because it affected people in every continent. It was supposed to be the "War to End All Wars." Instead, it set the stage for World War II thirty years later. It had 10 lasting impacts that changed the world forever.