What was the American economy like during WWI?
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Here's an excellent article, including tables:\nhttp://www.eh.net/encyclopedia/article/Rockoff.WWI
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Booming Baby! Booming! We, in the US, were at WAR during some of that period and as with all wars fought on foreign soil, we were benefiting economically.\n\nGDP +10.32%, -4.32%, 9.77%, 5.48%, 12.99%, 7.47% for the years 1995-1900 respectively.\n\nHere is a tip though, two of the six years we were not at war.
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The stock market crash of october 1929, pulled a lot of money out of the American economy. Less capital => less investments => less jobs => less salaries to spend => even less capital to invest.
362025
I'd say WWI, after WWII the soviets and Americans were pretty much at eachother's throats and the advent of the atomic age ensured heightened levels of paranoia from all sides now that a single bomber could level a city.\n\nAfter WWI things could have gone a lot better if the allied powers weren't so harsh on germany (but that goes back to the french's stupidity during the napoleonic wars, but I digress) and if the stock market hadn't crashed hitler would have had a much harder time coming to power.
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World War 1 fought 1914 to 1918.\nDem.President Thomas Woodrow Wilson in office 1913 to 1921.
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The primary reason was the US was shocked by WW1 and didn't want to get involved in Europe's problems anymore.  The US was also focusing on a lot of problems at home, including the Great Depression, and didn't want to spend money on foreign affairs.
97388
poele at home during WW1 were forsed to sacrafice food and time. women took mens jobs, and children had to work. a lot of oil and money we're used and lives were lost
36720
Here's a statistic to blow your mind. The Great Depression caused 1 out of every 3 Americans to be unemployed. Only with Roosevelt's plan of giving them government project work did America rise back up as a renewed superpower.
111206
Germany was doing poorly after WWI. They were faced with the entire debt of that war. The economy was falling apart and they needed a strong leader to pull it together. Hitler spoke of socialism, which is a great idea! But, it is impossible because of people's nature. He sold it on that, and got power.
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The WWI(1914-1918) began as a clash between two coalitions of European countries. The first coalition, known as the Allied Powers, included the United Kingdom, France, Belgium, Serbia, Montenegro, and the Russian Empire, japan, and Italy\nThe Central Powers, which opposed them, consisted of the empires of Germany and Austria-Hungary, The Ottoman Empire and  Bulgaria .\nAlthough the United States initially remained neutral, it joined the Allies in 1917.
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Talk about the general feeling of Americans. In the 1920s, Americans wanted to do what was best for them so America was slightly isolationist. By the 1940s and FDR, America felt that it needed to be involved in foreign affaris because of WWII. The 1930s were a time in which Americans did not want to be involved in forgein affairs because of the great depression, but through some of his acts (i.e. selling weapons to Europe) FDR subtly involved America in world affairs. Between WWI and the late 1930s, America was concerned mostly with itself, whereas WWII marked a final end to American isolationism.
678534
Good question. I would say more people can work during war time.
989264
I was not around then but definitely studied history and this comes to mind:\n\nPresident H. Hoover, 1932 - government loans to banks.  End of November 1,493 banks have suspended operations.  \n\nIt already started crashing from the America's economy in the 1920's to a sudden end in Oct 1929 - before the Wall Street Crash.   Then America started facing economical crisis that even impacted other coutries including Germany, a country that built up their economy on American loans.  Then the wealth from the 20's was dissapearing fast.\n\nThe rich lost money on Wall Street crash. The rest of Americans could not afford to lose any money then. Afterwards, noone had money to invest nor to buy comsumer products. \n\nThere was not shopping of any kind, and stores, factories, farmers, restaurants, industries, had no reason to employ people who were making products that were not being sold. \n\nUnemployment reigned. The depression took a while to get going but by the winter of 1932, it reached his top.\n\nAt the time there where: 12 million people out of work, 12,000 people being made unemployed every day, 20,000 companies had gone bankrupt, 1616 banks had gone bankrupt, 1 farmer in 20 evicted, and sadly, 23,000 people committed suicide in one year - the highest ever in the history of the US.\n\nIn addition: we had many social problem which, in spite of being such rich country we continue to have.  They were and still are:\n\nUnemployment and poverty \nBreakdown of families\nSoaring high school dropout rates (2 to 4 million)\nHomelessness\nOrganized protests\n\nAt the time, the American people  laid the blame on:\n"Three B's" then responsible for the Wall Street Crash and the Depression:\n\nThe "Bankers"\nThe "Brokers"\nThe "Businessmen"\n\nI am not sure this answer your question but that what I thought of as soon as I saw your date onthe screen!\n\nBye....
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I think like most of Europe between the wars, France had a lot of economic woes. They had gained Alsace-Lorraine back from Germany after losing the territory in the 19th century which was a moral boost. Still, the country was in great debt. As a matter of fact, I've actualy read that France still hasn't entirely paid back to the US money it borrowed during WW1.You have to understand, most of World War 1 actually took place on French soil so they had heavy losses- both economic and in terms of life.\n\nI think much of this set the stage for french defeat in World War 2. They didn't want another  long war and quickly gave up.
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Here are some sites dedicated to WWI.  Any library should have some good books that will give you the information you need.  Any history book that covers that time period might be a good place to start. \n\nGood luck with it.
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The source below says that it was Wilson, who jumped from outlays of $713 million in 1916 to $1.954 billion in 1917 because of the costs of WWI. However, they lump all of 1789-1849 and 1850-1900 into two large categories. However, it is unlikely that spending reached one billion dollars during that period.
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The main one I can think of is industrialization. Following the Civil War, we witnessed the birth of corporate America and the making of Getty and Rockefeller. Fortunes were made in Oil and Steel.