What are the major economic effects in second world war?
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The Second World War, like the First, caused immense amount of economic damage and devastation. Vast parts of Europe and Asia were destroyed. US emerged as the dominant economic and political power.
(ii) Emergence of Soviet Union as a super power is another important effect. Being the leader of the communist bloc it posed great threat to capitalist economy.
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(ii) Emergence of Soviet Union as a super power is another important effect. Being the leader of the communist bloc it posed great threat to capitalist economy.
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1world market struck by economic depression
2crash wall exchange between USA and Germany
3it results in hunger and hardship and famine that makes economic conditions of. developed. ountries worser
4It led development of colony like India
2crash wall exchange between USA and Germany
3it results in hunger and hardship and famine that makes economic conditions of. developed. ountries worser
4It led development of colony like India
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