WORLD HISTORY

Detailed explanation-1: -WWI affected every aspect of American life, including the economy. The economy immediately grew in the buildup to the war and during its prosecution, due to the high production of goods, loans, the stock market boom, and exports. As a result of the United States joining the war in 1916, industry productions boomed.

Detailed explanation-2: -In addition, the conflict heralded the rise of conscription, mass propaganda, the national security state and the FBI. It accelerated income tax and urbanisation and helped make America the pre-eminent economic and military power in the world.

Detailed explanation-3: -World War I sped up American industrial production, leading to an economic boom throughout the ‘Roaring Twenties. ‘ While the war was a devastating experience for France and the United Kingdom, these countries were able to recover economically without too much difficulty.

Detailed explanation-4: -Before the war, America had been stuck in a recession; World War I swiftly put an end to that. Even before the U.S. entered the conflict, its factories had switched from civilian to military production, and its farmers were growing food to feed armies. These events marked a momentous shift in global might.