WWI vs WWII on consequent economic depression/growth

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