Outbreak of WW2 and impact of the depression around the world Flashcards
What happened to America when the war began?
The American economy shifted into full-scale war production, it emerged as a primary supplier of arms and ammunition for the allied forces.
How did WW2 help the American economy?
The wartime demand for goods and services resulted in a comeback of full employment and improved wages. The increased production also strengthened the nation’s military capabilities.
What did the depression disrupt internationally?
It disrupted international trade due to a decline in export demand.
What happened to countries heavily reliant on the export of agricultural goods?
They faced severe economic consequences.
What else did the depression spark globally?
It sparked political unrest and significant changes.
What role did the depression play in the German and Japanese governments?
It led to the rise of totalitarian governments. These political shifts had profound consequences for the geopolitical landscape and set the stage for significant global events for years to come.