There was a lot of physical damageto parts of europe. e.g. mines, factories, roads, railway lines and bridges.
Their economies were in ruins because many were heavily in dept to the USA. Britain owed $4,277 million to America. All together every one owed just under $10,000 million to america.
A lot of Europes trade was disrupted.
massive food shortages
There were 9 million British and French soldier casualties. 1. million deaths in Britain alone.
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America at the end of world war one
No physical war damage
A lot of new export markets. e.g. cotton to japan and producing for Europe
They got interest payments back from the loans to Europe
The economy has been boosted
Full employment
Higher wages, there for higher demands for goods
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Impact on industry
because of higher demand for goods, there was more of a drive to emprove efficiency
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