Economic consequences of the second world war.

  • Large numbers of cities, ports, bridges, roads and railways were destroyed due to air and ground bombardments, which seriously affected the economies of the belligerent countries.
  • The United States and the Soviet Union created a large arms industry, which continues to this day.
  • The United States implemented the Marshall Plan to provide financial support to war-torn European countries. The objective of this aid was not only economic; it was also motivated by fear of the spread of communism in Western Europe.
  • Institutions, such as the World Bank and the International Monetary Fund, were created to solve the global financial crisis.

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