Essay On American Economy After Ww2

World War II was a global war and the most devastated war in human history which caused the massive lost of human lives, destruction of most industrial infrastructures, and economic downfalls. More than sixty countries took part in the battles. Over 55 million people died and millions of people were wounded by the end of the war, civilians being the biggest part of the casualties. The war had been lasted for six years starting from 1939 and it was ended in 1945. After the second world war, there were some positive effects and negative effects. This essay will analyse the different outcomes of the second world war, which includes the emerging of the United Nations, the lasting four decades of Cold War, and the declining of the European economy.

The War was fought between the Allies and Axis powers. The major belligerents were Germany, Italy, and Japan from Axis side against France, Great Britain, the United States, the Soviet Union, and China on the

American came out as a significant impact on the economy and workforce of the United States after involving in World War II. After the Second World War, the United States emerged as an economic powerhouse. While the economics of Europe, Japan, and other countries were in disasters after the war, the United States became an economic and political superpower. The second war had destroyed factories and workplaces across the rest of the industrialized world. Differently, the United States had remained unscathed for the majority of the war. As a result, the United States was able to produce goods and export them to the rest of the world. Although the Europe economy was declined right after the World War II, there was a rapid change from 1948 to 1973. It was also known as “ Golden age of economic growth” in the Europe History. It was the result of the new technology and productivity growth which had been developed during the two