WWI vs WWII on consequent economic depression/growth: Difference between revisions
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=Depression Strikes= | =Depression Strikes= | ||
==Causes of the Depression== | ==Causes of the Depression== | ||
*Monetary factors | |||
*Missing Workers | |||
*Stocks return to Earth | |||
==Economic impact of the depression"== | ==Economic impact of the depression"== | ||
=A New War= | =A New War= | ||
Revision as of 23:10, 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
