Impact Of World War 1 On American Economy

Nobody was ecstatic with the outbreak of the World War I, but it is a great chance for American to consolidate their international status by improve themselves on different fields.

The most significant one is economy. One New York magazine stated “An European war seems to ensure the future of the world economy belongs to the American continent, especially belongs to North America.So although America keep a neutral role at beginning of the World War I, but America didn’t stay out of the war completely. At that time America increased their foreign trade volume largely which quickly pushed them to became a main factory of world market. They sell the supply and weapons for the war to both Central Powers and Allies and got a great benefit on their economy. One statistical analysis showed that from 1907 to 1911 the 1.Literary Digest 49 , August , 1 9 1 4 , p · 2 1 5 ·

After Word War I. It had an enormous increase that from 1917 to 1921 the national net product of America increased to seventy billion dollars which is forty-one billion dollars more than the period I listed which is before the World War I start America want to gain profit form this war so they didn’t ever stay away from the deals with European countries specially arms trade even when they claimed them as neutral. According to a report during the time period America remain neutral, their foreign trade earnings is about 4.5 to 5.0 billion dollars, it counteracted all the debt America have before the war. Obviously all of these prosperity is depending on the increase of the international