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The two world wars completely destroyed the economy of colonial powers Britain and France.
Due to this many countries got freedom from Colonial rule.
More than 9 millions soldiers wer killed, 5 million civilians died and close to 10 million people were permanently or temporary disabled during World War 1.
More than 5 crore people died in the world war 2 which lead to massive unemployment and slow economic growth all around the world.
It ended dictatorship in Germany and Italy which gave rise to democracy in other countries.
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