Economic repercussions felt from "summary" of World War Two by Richard Holmes,Ann Kramer,Charles Messenger
The economic repercussions of World War Two were deeply felt across the globe. The war brought about significant changes in the economic landscape of many countries, as resources were diverted towards the war effort. Industries that supported the war saw an increase in production, but this came at the expense of other sectors of the economy. Many countries experienced inflation due to increased government spending and a shortage of consumer goods. In an effort to finance the war, governments borrowed heavily, leading to high levels of national debt. This debt burden would have long-term effects on the economies of many countries, as they struggled to repay ...
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