Question

Help!!!!!!

How did the end of World War II impact the economies of Allied and Axis nations?

Answer 1

Well the Allied nations consist of America, France, England/Briton, and Russia. The Axis consist of Germany, Japan, and Italy.
During WW2 most of the battles and fighting was taken place in Europe, so you could see that after the war Europe had to send quite a bit of time and money to rebuild itself.

The British economy had again lost huge amounts of absolute wealth. Its economy was driven entirely for the needs of war and took some time to be reorganised for peaceful production.

In the French economy agricultural production had fallen of more than a third from 1938 to 1945, causing penury, resuppling problems and black market trading. The manufacturing production had collapsed, in the same time, of more than an half. Moreover, the transports infrastructures had been largely damaged. The national budget decifit had increased causing a rising up of the inflation (prices had been multiplied by four to five during German occupation.

The Chinese economy was already going downhill because of the Opium Wars, but after WW2 the situation became worse. KMT and CCP immediately resumed civil war which lasted another 4 years. Inflation was crazy due to the war. People were carrying bags of money just to buy food.

In Russia or the Soviet Union roughly a quarter of the country's capital resources had been destroyed, and industrial and agricultural output in 1945 fell far short of prewar levels. Other than the production of steel, goods and recourses have lowered.

In America the economy was about to each a new high. Following World War II, the United States began an economic boom that brought unparalleled prosperity to a majority of its citizens and raised Americans expectations, breeding a belief that most economic and social problems could be solved.

Answer 2

In Japan, Aafter the war was over, many of the wartime companies and much of the technology used during the war were converted to peaceful economic development. Japanese private companies expanded quickly and fearlessly. They borrowed massive amounts from banks and took on large debts.

In Germany, economic situation was very difficult after the war. Most of its cities had been bombed and there was enormous destruction of infrastructure. Another problem was a massive influx of refugees: around 14 million Germans had fled from eastern Europe. Many of them lived for years in refugee camps.

In Italy, the economy had a very flexible growth. In the 1950s and early 1960s, the Italian economy was booming, with record high growth rates. This rapid and sustained growth was due to the ambitions of several Italian businesspeople, the opening of new industries.