World War L: The Economic Mobilization Of America

301 Words2 Pages
First of all, World War l covers the economic mobilization of labor, industry and agriculture. America joined the war on 1917 since America broke diplomatic relation with Germany. According to the research, it cost $ 338 billion during World war l. However, America already had stable economy at that time, so it was not their intention to gain money as a big profit from the war. Food produced in America increased in yield 25 percent, while food exported to the Allied nations swelled to over three times the amount before the push of voluntary conservation. America gained economically through trade with and loans to Great Britain. For example, trade with England and France more than tripled between 1914 and 1916, while trade with Germany was cut