What were the economic effects of World War 1?

After surveying the U.S. mobilization and financing for the war, Rockoff concludes that perhaps the greatest impact of World War I was a shift in the landscape of ... Overall, unemployment declined from 7.9 percent to 1. read more

The total cost of the First World War in the United States (was) nearly $ 32 billion. The biggest impact of the First World War was a change in the landscape of ideas about the economy and the proper role of government in economic activities. read more

The Economic Impact of World War I Let's look at the economic impact of World War I. Unlike in some European countries, the United States was not laid to waste by war. read more

The effect of WWI on the US economy was considerable. There are two effects that the war had on the US economy: short term, and long term. For the short term effect the US economy grew in the buildup to the war and during its prosecution. read more