What was the economic impact of world war II ?
- 5 months ago
There was a huge economical loss during world war 2 and after world war 2. People were unemployed and homeless. After a few months, they led out with no goods and services. People were dying out of hunger. A new generation got no education. Economically, the period after the end of World War II was a time for moving from the industry of creation for the purpose of destruction and into the industry of creation for creation's sake, resulting in an attitude of exploring new technologies and business models previously unheard of. In Europe, this shift is most clearly illustrated by the change in the gross domestic product (GDP) in the years immediately following the war. America could able to recover 25% within a few months but It was not easy for global recovery.
- JuanBLv 75 months ago
It pulled the world out of the depression. Although the civilians at home dealing with food rationing or citizens being bombed in Europe probably didn't see it as an improvement. But you went from the largest ever unemployed to full employment with so many in the military and factories at full capacity for the war effort. Workers were making more money than before, but had nothing to spend it on until the end of the war.