Question

How did the first world war affect the economy of the world

Answer 1

The economic history of World War I covers the methods used by the First World War (1914–1918), as well as related postwar issues such as war debts and reparations. It also covers the economic mobilization of labor, industry, and agriculture leading to economic failure.

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Answer 2

From 1915, the US made tons of Loans to the UK to help them in their 'WAR' effort. It's not a stretch to say that WWI was the major factor in contributing to the 'Roaring 20s' when the US economy boomed...The love g term effect was that US involvement in the War lead directly to the Great Depression ans WWII...

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