What impact did World War II have on the global economy?
What impact did World War II have on the global economy?
It resulted in increased government spending and debt.
It spurred technological advancements and industrial growth.
It caused a decline in international trade and economic recession.
It led to widespread inflation and economic instability.
It accelerated decolonization and the shift of economic power from Europe to the United States.
It created the foundation for the post-war economic order, including the establishment of the Bretton Woods system and the United Nations.
It caused significant destruction of infrastructure and resources, leading to long-term economic consequences in many countries.
Overall, World War II had a profound impact on the global economy, reshaping economic structures and power dynamics around the world.