WWI vs WWII on consequent economic depression/growth: Difference between revisions
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*Stocks return to Earth | *Stocks return to Earth | ||
==Economic impact of the depression | ==Economic impact of the depression== | ||
*Reduced National income | |||
*Reduced National savings | |||
*Dollar devaluation | |||
*Reduced Exports | |||
=A New War= | =A New War= | ||
==Economic Help is on the Way== | ==Economic Help is on the Way== | ||
Revision as of 23:12, 28 November 2007
World War I
Economic Impact of World War I
- 52% of GDP
- 4 million men fighting meant countless hours of labor lost
- 3.5 million workers added to Federal workforce
Economic Legacies of World War I
- The new Economic Superpower
- Planning for the Future
The Roaring Twenties
Prosperity in America
- Failure is the first step towards success
- The Nouveau Riche
- A new technological age
Contributors to Success
- Increase in the savings rate
- Growth of new Industry
- The high standard of living wage
The Bull Market
- Lending on Margin
- The rise of big business
- Simply supply vs. demand
- Not logical
Depression Strikes
Causes of the Depression
- Monetary factors
- Missing Workers
- Stocks return to Earth
Economic impact of the depression
- Reduced National income
- Reduced National savings
- Dollar devaluation
- Reduced Exports
