What impact did ww1 have on the economy?

Answer 1

World War I had profound impacts on the global economy, leading to significant shifts in industrial production and labor dynamics. Many countries experienced economic growth due to increased military production and job creation, but this was often accompanied by inflation and debt. Post-war, economies faced challenges such as a return to peacetime production, unemployment, and the financial burdens of reparations and reconstruction, particularly in Europe. The war also contributed to the emergence of the United States as a leading economic power, while many European nations struggled with economic instability in the following decades.