Impacts(political and economic) in first and second world war
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America's involvement in World War II had a significant impact on the economy and workforce of the United States. ... American factories were retooled to produce goods to support the war effort and almost overnight the unemployment rate dropped to around 10%.The United States was still recovering from the impact of the Great Depression and the unemployment rate was hovering around 25%. Our involvement in the war soon changed that rate.
The heavy reparations, combined with the devastated economic infrastructure throughout Germany and political tension under the Weimar Republic, led to an economic depression. Hyperinflation and unemployment in Weimar Germany were staggering.
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