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The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000 (1987) pp 256–74; Mendershausen, Horst. The Economics of War (1940) online; Smith, Andrew, Simon Mollan, and Kevin D. Tennent, eds. The impact of the First World War on international business (Routledge, 2016). Strachan, Hew.
Resch, John P., ed. Americans at War: Society, culture, and the home front: volume 3: 1901-1945 (2005) Schaffer, Ronald. America in the Great War: The Rise of the War-Welfare State (1991) Trask, David F. The United States in the Supreme War Council: American War Aims and Inter-Allied Strategy, 1917–1918 (1961) Trask, David F.
Weapons for Liberty – U.S.A. Bonds, Liberty bond poster by J. C. Leyendecker (1918). During World War I, the United States saw a systematic mobilization of the country's entire population and economy to produce the soldiers, food supplies, ammunitions and money necessary to win the war.
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. [25]: ch 42, 48
"Help the Red Cross". American poster by the U.S. Food Administration, circa 1917-1919. The home front during World War I covers the domestic, economic, social and political histories of countries involved in that conflict. It covers the mobilization of armed forces and war supplies, lives of others, but does not include the military history.
American imports and exports plunged by more than two thirds, but since international trade was less than 5% of the American economy, the damage done was limited. The entire world economy, led by the United States, had fallen into a downward spiral that got worse and worse, and in 1931–32 began plunging downward even faster.
"World War One Timeline". UK: BBC. "New Zealand and the First World War (timeline)". New Zealand Government. "Timeline: Australia in the First World War, 1914-1918". Australian War Memorial. "World War I: Declarations of War from around the Globe". Law Library of Congress. "Timeline of the First World War on 1914-1918-Online.
The 1990s were the longest period of economic growth in American history up to that point. The collapse of the speculative dot-com bubble, a fall in business outlays and investments, and the September 11th attacks, [73] brought the decade of growth to an end. Despite these major shocks, the recession was brief and shallow. [74] Great Recession