After the end of World War 1, most of the survivors were greatly affected in all aspects. The economic, social and political aspects of the survivors were disrupted making it difficult for them to recover. One of the areas that were greatly affected was the economic aspects since many countries were enhancing economic growth before the war. According to the research, the world was undergoing a revolution in the industry sector. The rate of employment opportunities was very high in almost all the countries due to the number of industries being established. As such, it led to the increased living standards of the people. However, as a result of the war, most of those industries were destroyed, and the people suffered economically.
The destruction of major industries in the world had a negative impact on the economy of most countries. Most of the Western countries were depending on such industries to sustain their economy. Also, the war destroyed the good partner relationship that moist countries had formed to improve trading activities. In that light, they had to search for other markets for their products. The tension between countries led to immigrants being chased away from certain countries back to their places of origin. Some of the immigrants had established various businesses that supported the livelihood of the communities. Once they were chased, it led to the collapse of such business which also affected the people economically.
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In America, the aftermath of the World War 1 boosted the economy of the country as they involved in selling products to some of their allies which had been affected by the war. As such, most of their products were on high demands which led to the growth of their economy. Before the war began, the country was recession due to competition from other neighboring countries.
