WWI vs WWII on consequent economic depression/growth: Difference between revisions
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==Contributors to Success== | ==Contributors to Success== | ||
*Increase in the savings rate | |||
*Growth of new Industry | |||
*The high standard of living wage | |||
==The Bull Market== | ==The Bull Market== | ||
=Depression Strikes= | =Depression Strikes= | ||
Revision as of 23:01, 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
