Post-WWII Economies Compared

Paper Summary:

World War II proved to be a turning point in the world's economies. While most of the world had suffered from a devastating depression in the late 1920's and 1930's, World War II proved such an impetus as to pull the world out of the soup lines and on to the battlefields. The paper shows that after the war, the United States did not need to make the long, painful adjustment from rations to recovery; this nation actually flourished during the war and with virtually no damage to the country's infrastructure, was in an ideal position to become the world's most successful post-war economy. The paper shows that, in contrast, the Soviet domination and forced Stalinist collectivization of Warsaw Pact countries created an atmosphere of stagnation and repression, the most horrifying example being Albania. This paper compares the best and worst postwar economies, those of the United States and Albania.

From the Paper:

"While the United States was clearly the best example of a booming postwar economy, having achieved unparalleled economic success which has led to the nation's current dominance as the sole superpower and largest economic power, the worst postwar economic development was perhaps suffered by Albania. During the course of World War II, the small Balkan nation had transformed from a fascist Italian possession on the other side of the Adriatic Sea to a government championing Communist ideals."

More papers on Post-WWII Economies Compared:

• Essay # 50345 : "Post-WWI Economies of Germany and Britain"
• Essay # 66651 : "Post War Korea"
• Comparison Essay # 23715 : "U.S. Economy and World War II"

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