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Due to the switching the economies to a war footing, and the widespread disruption of trade, during the war, there resulted a serious shortages of normal goods and services.
For example no civilian cars were built during the war in USA.
Shortages of food and essential products resulted in everything from starvation to the development of wide range of artificial substitutes, that had never been seen before.Since there was insufficient food, medicine, oil and coal, these products were rationed.
This resulted in government control of the economy.
Many important products needed both money and ration stamps to bepurchased. Some products had to be bought illegally on the black market at a much higher price.
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How did World War 1 effect the economy of the UK?
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What was true of the U.S economy after world war 2?
it was the strongest economy in the world
How did World War 2 effect different countries economy?
it realy affected countries economy it made countries like America control world economy and other countries like third world countries in abadfinancial and cultural condition
Did World War 2 have a negative effect no effect or a positive effect on Georgia's economy?
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How were war time inflation and food shortages kept in check during World War 2?
War rationing
