The Aftermath of World War II

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The economic benefits for the United States from World War I and World War II

Summary:

The economic benefits for the United States from World War I and World War II included industrial growth, technological advancements, and increased employment. Both wars stimulated the economy by boosting industrial production and innovation, leading to advancements in various sectors. Additionally, the wars created numerous jobs, reducing unemployment and contributing to economic prosperity. Post-war periods saw the U.S. emerge as a leading global economic power.

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How did the United States benefit economically from World War II?

World War II jumpstarted our economy. The government was buying just about everything and all people had a job. The wprkforce doubled, because women went to work, and many were employed directly by the government in some way or by companies from which the government bought products.
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How did the United States benefit economically from World War II?

I think one of the biggest benefits to the economy was the fact that so many people were able to be employed. If you look at economic trends you will see that during prosperous times there is low unemployment.

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How did the United States benefit economically from World War II?

The entry of the United States into World War II required the creation of an economic machine in order to drive the war. Factories had to produce machinery and equipment to be exported to military companies overseas, for example. Technologies were developed to support the war effort, leading to employment of workers to produce the goods.

Women became employed on a large scale in industries other than traditionally female-dominated areas. With so many men enlisted in the war effort overseas, it fell to the women who were left behind to "man" the factories and industries. High employment leads to prosperity. 

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How did the United States benefit economically from World War II?

Another very important and major economic benefit of World War II was that the industrial renewal and large scale employment it caused - both in the military itself and in the industries that supported it - brought us once and for all out of the Great Depression.  Without World War II it is unknown whether we could have crawled out of that mess ourselves.  We had spent a large amount of money on the New Deal by borrowing, but it hadn't cured us of the economic problems we had.

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How did the United States benefit economically from World War II?

The United States benefitted economically from WWII in at least two major ways.

First, a number of new technologies were invented or advanced.  For example, the creation of long-range bombers really helped towards the creation of larger and longer-range passenger airplanes.  The invention of radar helped make it safer for these airplanes to fly from place to place.

Second, many of the other countries that had been economically powerful were devastated by the war.  This meant that the US was really the only major economic power whose land and infrastructure was untouched by the war.  Therefore, the US had a huge advantage over the rest of the world since it did not have to rebuild after the war -- instead, it could sell stuff to all the people who did have to rebuild.

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How did the U.S. economically benefit from World War I and II?

There are tremendous similarities between WWI and WWII, and there is no doubt that war was good for the economy in both cases. Prior to America's direct military involvement in both wars, Wilson and Roosevelt had both proclaimed neutrality while Europe and later Asia were already in the throes of international conflict. The US was profiting in the billions by trade with the Allied countries of Europe, most notably Great Britain. It is no secret that the US was profiting through increased military production, supplying the war effort, and by loaning money to warring countries. Once the US became directly involved in the war effort, military production continued/increased, and many new jobs were created and occupied by groups of people that had not previously been employed (e.g., women). Lastly, when the wars were finally over, the US had the responsibility to fund the reconstruction efforts in many European countries thus continuing strong economic development

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How did the U.S. economically benefit from World War I and II?

World War I led to an economic and industrial boom, as factory owners known as "Merchants of Death" made billions off of supplying the Allies war effort.  It created a vibrant middle class in this country that would strengthen all the way through the 1920s.

World War II, on the other hand, benefited us first by taking us out of the Great Depression once and for all.  The massive numbers of jobs it created, both in and out of the military, jumpstarted our economy.  Again, we supplied the allies with war material as well as outfitted our own massive armies.

The aircraft giant Boeing was put on the map making bombers for World War II, and scores of other companies and factories were created with military contracts that turned commercial when the war was over, and brought us millions of jobs for the rest of the century.

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How did the U.S. economically benefit from World War I and II?

Both of these wars helped the US economically in much the same way.

First, during the war, the US was the "Arsenal of Democracy."  That is to say that the US was the source of many of the weapons used by the Allies.  These were generally bought by, rather than given to, the Allies, especially before the US joined the wars.

After the wars, the US benefited as well.  Both times, the economies of European countries were devastated by the war (especially after WWII).  In both cases, but especially after WWII, the US was able to outcompete the other countries because the US was essentially untouched by the wars.  This meant US companies had huge advantages over companies in other countries.

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