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The economic history of World War I covers the methods ... (compared to 50% in 1943). ... These loans were eventually paid back by Germany after World War II. [100 ...
The gross domestic product of India was estimated at 24.4% of the world's economy in 1500, 22.4% in 1600, 16% in 1820, and 12.1% in 1870. India's share of global GDP declined to less than 2% of global GDP by the time of its independence in 1947, and only rose gradually after the liberalization of its economy beginning in the 1990s.
The aftermath of Germany's loss in World War 1 saw the country experience severe hyperinflation, with the Weimar Republic finally tackling the issue by 1923. A period of known as the Golden Twenties then saw major economic stabilization and growth fuelled largely by foreign investments and loans. However, the Great Depression resulted in the ...
Fink, Leon. "The Good Postwar: German Worker Rights, 1945–1950" in Fink, Undoing the Liberal World Order: Progressive Ideals and Political Realities Since World War II (Columbia UP, 2022) online 46–74. Fischer, Wolfram. "Some Recent Developments of Business History in Germany, Austria, and Switzerland". Business History Review (1963): 416 ...
The British tried to weaken the American economy with a blockade of all ports by the Prohibitory Act 1776, but with 90% of the people in farming, and only 10% in cities, the American economy proved resilient and able to support a sustained war, which lasted from 1775 to 1783.
Main: Post-World War II economic growth and increased industrial production in Italy The Fiat 500, launched in 1957, is considered a symbol of Italy's postwar economic miracle. [45] Programma 101, developed in 1965 by Olivetti, is considered one of the first programmable calculators ever and was an economic success internationally. [46] [47]
The Axe-Houghton Index of Trade and Industrial Activity declined by 14.1% in this recession (compared to a 31% decline in the Panic of 1907). The Babson index of physical volume of business activity declined by 28.6% in the immediate postwar recession (compared to a 32.3% decline in the 1921 recession and a 22.7% decline in the Panic of 1907).
Following the attack on Pearl Harbor, the United States entered World War II to fight against Nazi Germany, Fascist Italy, and Imperial Japan, known as the "Axis Powers". Italy surrendered in 1943, and Germany and Japan in 1945, after massive devastation and loss of life, while the US emerged far richer and with few casualties.