Question

What were the major economic effects of second world war?

Answer 1

a. The outbreak of the second world war had a devastating effect on the economy. b. The war destroyed industrial infrastructure in Europe to a great extent. c. The war had the devastating impact on the economies of Asia and Europe, large number of cities, towns were targeted and bombarded. d. It brought about massive damage to the property in Soviet Union. e. US emerged as the World's dominant economic and political power in the World that reshaped much of the global economic order. f. American industries were restructured during the course of the war, and helped it to overcome economic depression and crisis. g. From 1941, industrial production increased to meet the war needs, By the end of the second world war, there was increase in the employment rate, increased migration of people to US. h. US spearheaded and gave shape to global economic institutions like IMF, World Bank etc.  Plz plz plz mark as brainliest

Answer 2

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