What economic affected World War I have on Washington

Question

Spurred industry growth
Caused a job shortage
Led to a shock market collapse

Answer 1

During World War I, Washington's economy boomed due to an increased demand for goods and materials for the war effort. This led to the expansion of existing industries and the establishment of new ones, such as shipbuilding and aircraft manufacturing. However, once the war ended, there was a sudden decrease in demand for these products, resulting in job shortages and economic instability. This, in turn, contributed to a stock market collapse in 1920, further exacerbating the economic impact of the war on Washington.