Economic Developments: The impact of WWI on the Economy

Question 1

How much money did the USA make from trade with Britain in 1914?

Answer 1

$549 million

Question 2

How much did the USA make from trade with the Central Powers in 1914?

Answer 2

$300 million

Question 3

What did J.P Morgan’s banking company do at the start of WWI?

Answer 3

They made agreements with French and British Banks for J.P Morgan to control Allied war bonds

Question 4

How much money had the USA given to The Allies in total by the end of WWI?

Answer 4

$7 billion

Question 5

What year was the trading issue in relation to who the USA could fight in WWI with resolved?

Answer 5

1916

Question 6

What resolved the issue over trade and fighting in WWI in relation to the allies?

Answer 6

$3.2 billion of Ammunitions was bought by the Allies in 1916

Question 7

How much was sold to Germany and their allies in ammunitions in 1916?

Answer 7

$320 million

Question 8

How much money in total did the USA end up getting from taxes during WWI?

Answer 8

$10.5 billion

Question 9

How much money did US Steel make from 1917-18 because of WWI?

Answer 9

$500 million

Question 10

By what factor did the amount of money the USA made from Munitions go up from 1914 to 1916?

Answer 10

A factor of 30

Question 11

How much money did US Steel make from 1917-1918?

Answer 11

$500 million