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Impact of WW1 on the USA
- Finance
- Britain owned $4 billion
- France owned $3.4 billion
- Britain owned $4 billion
- People
- The USA had no war damage
- Full employment
- Crop prices fell after the war- cheaper for
consumers but bad for farmers
- Wheat price increased- good for farmers
but bad for consumers
- Population asked to eat less to
more could be sent to Europe
- The USA had no war damage
- Economy
- Factories+farms at mass production
- 30% of World's wheat
- 75% of World's corn
- 70% of World's petrol
- 55% of World's cotton
- 30% of World's wheat
- Exports to new markets--
Africa+Asia (ex-European
exports)
- War made Europe dependent on
weapons+food, not consumer goods
- 1918- war industry had to convert to consumer goods
- Drop in demand
- Drop in exports
- Drop in production
- Drop in labour demand
- Drop in wages
- Drop in wages
- Drop in labour demand
- Drop in production
- Drop in exports
- Factories+farms at mass production
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