Why do you think the United States economy experienced a boom during World War 1?

Answer 1

Answer: The United States of America experienced an economic boom during WWI and even more so after WWI because the US took advantage of the war and supplied both The Axis Powers and The Central Powers with firearms ammunition and surplus, the Germans caught on to this and threatened the us with war if we didn't stop but the US was greedy and continued which had cause and effect cause being increased flow of money into the US economy and the effect being the US entering the war and the skiing of the Lucitiana. The US continued an economic boom all the way into the 1920's as Europeans need American made products which decreased unemployment rates and created American jobs. because of the economic boom during and after WWI it lead Americans to have a false sense of security, increased use of installment buying (credit) and bad stock practice we were face with the Stock Market crash in October of 1929 and the great depression in 1931 when people started to "break banks" when they would with draw all of their money. America became an extremely rich country during and after the war to end all wars but even with all the prosperity just like always in history the farmers suffered not only the European farmers with the war destroyed land but also the American farmer because it was difficult to sell crops with increased competition from European farmers with cheaper rates. in conclusion you can partly blame The Great War for the horrible economy in the 1930's also. I hope I answered Your question, and God Bless America!

Source:

Just Your average Joe American who knows his history. :)