Question

Describe in detail 5 ways that money was raised or used by the European nations at the buildup of World War II.

Answer 1

1. U.S war speanding added $ 236 billion to the debt.

2. Between 1941 and 1943, the economy grew more than 17% a year.

3. Within its six-year duration, WWII generated the highest human death toll of any war in recorded history, with a death toll of 70 million.

4. It saw the creation of major global organizations such as the World Bank, the U.N., IMF, and NATO.

5. To pay for war efforts, the governement expanded the income tax and added mandatory withholdings from paychecks.

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