Increased government spending and industrial production
Created a demand for manufactured goods and stimulated the economy
Led to the growth of the military-industrial complex
Taxes were increased to fund the war effort
Increased debt and inflation
Changed the global economic order with the rise of new superpowers like the United States and the Soviet Union
What economic impact did WWII have?
Ended the Great Depression
America lost its greatest trade partner, France
Great Depression got worse
Our country ran out of metal leading to a shortage of buildings and car manufacturing
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