Question

What was the impact of first world war on world economy in five points

Answer 1

Explanation:

No impact pls mark me as brainliest

Answer 2

1. World War I took the United States out of a recession into a 44-month economic boom. Before the war, America had been a debtor nation. After the war, it became a lender, especially to Latin America.
2. .S. exports to Europe increased as those countries geared up for war. Later, U.S. spending increased as it prepared to enter the war itself. It cost $32 billion or 52 percent of the gross domestic product. Here's how it was paid for: 22 percent from higher taxes. 58 percent from war bonds and Treasury notes. 20 percent addition to the money supply
3. Three million citizens joined the military. The federal government hired another 500,000. Unemployment fell from 7.9 percent to 1.4 percent.
4. Before World War I, at least 90 percent of American blacks remained in the South. They were illiterate and poor due to Jim Crow laws. After the war, blacks moved north in the Great Migration. The war had slowed immigration from Europe, creating a labor shortage in the North. Companies began recruiting black Southerners to work in their factories. Returning black veterans were open to a new way of life. By the 1970s, 47 percent of blacks lived in big cities in the North and West.
5. In 1916, Wilson signed the Adamson Act to create an eight-hour workday for railroad workers. Wilson wanted to avoid a strike by the railroad unions while the country was gearing up. That set the standard for Ford Motor Company to do the same 10 years later.

I Hope it helped you.........