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Economic

Boom

Presented

Similarities

The economic boom after WWI is very similar to the post-WWII boom.

Similarities

The post WWI job need

The post WWI job need

The booms were both partly caused by the post war job need.

After WWI and WWII, the business adapted from military products to consumer products. The government then provided people a lot of job opportunities, so people had money to buy more products. The more money they had, the bigger the need will become. ( U.S. Department of State, 2017)

This is Keynesian theory, which can be applied to the post-war economic boom of both WWI and WWII.

The previous picture shows us the unemployment of WWI and WWII. We can see that the post-war unemployment rate is low. It means that the post war economic boom of WWI and WWII are both caused by war.

All connected to industry

WWI industry

After WWI economic boom, the industry changed a lot. People invented assembly line to put in mass production. This created the prosperity of the industry.(N.a., 2015)

The post-WWII industry revolution

After WWII, the whole society experienced industry revolution

The Industrial Revolution dramatically changed every aspect of human life and lifestyles.

(Eric, 2011)

Boom in stock market

Boom in stock market

From this picture, we can see that WWI and WWII caused the boom in stock market. Wars can help to boost the market and the economy.

Differences

There are also some differences between the economic booms of WWI and WWII.

Differences

Composition

Composition(N.a., 2015)

WWI

Only economic boom

WWII

Economic and social boom

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