What was true about the economy at the end of World War II?
The GNP and corporate profits doubled. National debt quadrupled during the war. Wage freezes reduced consumer spending. Efficiencies in farming reduced manual labor needs.
What was an economic effect of World War II?
A merica’s response to World War II was the most extraordinary mobilization of an idle economy in the history of the world. During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled.
What were the consequences of World War II?
World War II was one of the transformative events of the 20th century, causing the death of 3 percent of the world’s population. Deaths in Europe totaled 39 million people — half of them civilians. Six years of ground battles and bombing resulted in widespread destruction of homes and physical capital.
What were the causes and effects of the conflict between the US and Soviet Union?
Historians have identified several causes that led to the outbreak of the Cold War, including: tensions between the two nations at the end of World War II, the ideological conflict between both the United States and the Soviet Union, the emergence of nuclear weapons, and the fear of communism in the United States.
Who was at fault for the Cold War?
The Traditionalists. Until the 1960s, most historians followed the official government line – that the Cold War was the direct result of Stalin’s aggressive Soviet expansionism. Allocation of blame was simple – the Soviets were to blame!
Why was World War II followed so quickly by the Cold War?
World War II was followed so quickly by the Cold War because the Allies found it difficult to cooperate in peacemaking. They were motivated by different goals and hounded by misunderstandings. Most of Europe was divided into East and West Blocs allied with the U.S.S.R. , plus the United States.
Who won the space race during the Cold War?
If we define the ‘space race’ as spaceflight capability, the Soviets won it hands down. But it was the Americans who got to define the space race for posterity when President John F. Kennedy called for putting a man on the moon by the end of the 1960s.
Who was more powerful USA or USSR?
As of 1945 (before the Cold War), the USSR had the strongest conventional land-based military and, after the US withdrew most of its troops, essentially dominated in Europe (the US returned some of the troops, but the USSR still held vast numerical advantage, especially in tanks).
Is India powerful than China?
Analysis from Global Firepower currently ranks China as the world’s third most powerful nation in terms of military strength, behind the United States and Russia. India however has more land power, with 4295 tanks to China’s 3500.
Who is most powerful country India or China?
The Asia Power Index 2020 ranked India as the fourth most powerful country in Asia, trailing after the US, China and Japan. According to Lowy Institute, a Sydney based independent think tank that is behind the Asia Power Index, China and the US are termed as “superpowers” while India stands as a “middle power.”
Is China a strong country?
National Power Index (NPI): China is ranked 4th in the 2012 NPI, which purports to measure a country’s relative percentage share of global power. China’s rise has been widely measured on this basis, and thus the world’s second largest economy is also acknowledged as one of the world’s most powerful nation-states.
Whose army is powerful India or China?
In 2020, China had the largest active military force in the world, with about 2.18 million active troops. Whereas, India ranks third with military outlays totalling to $71.1 billion, according to Stockholm International Peace Research Institute.