Economies Seif Sameh Mohamed 10E

During World Social Studies Project

Tool Used: Canva
War II

Introduction Economy
November 11, 1918, marked the end of one of the
What is an Economy?
most brutal events in world history, known as An economy is a country's state or
World War 1. World War 1 had impacted global situation in terms of production, and
politics, societies, and economies in a massive
way. About 2 decades later, Hitler's Germany
efficient consumption of goods and
invaded Poland, causing the eruption of a services.
second World war that would be the cause of
the death of millions of soldiers and civilians.

Comparison between the Economies of the U.S and the USSR

during the 1930s

USA USSR
VS
The USSR was in a very strong
The United States Faced an economic
economic position.
depression, after a period of prosperity.
The USSR was the only socialist nation
Overproduction and un-even distribution
of wealth led to cuts in production. and was not dependent on other
Banks ran out of business due to the nations economically.
failure of the credit system, and either Had no economic ties to other nations
Both nations and utilized resources in order to build
the people or companies were in debt to
were able to a strong and powerful economy.
banks, or the banks were not able to
return money back.
economically Influenced the Eastern European
The USA was a capitalistic nation and the influence nations with socialist and communist
economy was controlled mostly by the Europe ideologies.
private sector. Minimal trade contact and a strong
Millions of investors went into Wall Street economic base allowed the USSR to
with panic, dumping millions of stocks. benefit from the depression and the
Influenced Western Europe and USSR was noticeably a strong and
Europeans who invested in America lost influencal nation at the time.
money and due to strong economic
relations between Western Europe and
the US, the Western European nations
were impacted negatively by the
depression.
Comparison between the Economies of the U.S and the USSR
during the 1940s (WW2)

USA
The U.S experienced a shocking
expansion of industrial
production.
During the war, about 17
million job opportunities were
available for the Americans,
and a period of prosperity was
USA bound.
The US' industrial productivity
shockingly increased by 96%,
and the war was a long-
awaited economic blessing for
the Americans.
War-related production and
vehicle industries' GNP
skyrocketed from about 2% to
40% in 1943.
The military-industrial sector
was very helpful for the United
States' economy and each day
meant a boom in the economy.
USSR
VS
The Soviet Union's economy
suffered, after Hitler's decision to
invade Poland.
WW2 caused the USSR's GDP to
plunder by approximately 35%.
The USSR's traditional economy
which was dependant on
agriculture was not sustainable
Industrial during WW2, and millions of
based Russians died because of famine
and hunger.
economies A major issue in the USSR was that
the communist government was
in control over the economy and
unlike capitalistic nations, the
Soviet Union didn't have a variety
of differentiated industrial forces
to help aid the nation during the
war.

Possible Cold War causes:

The United States and the USSR were two powerful nations, but with two different
ideologies and beliefs. The US was a nation that ran its economy using capitalist
ideologies and encouraging free trade and private trading. On the other hand, the
USSR was a communist nation that wanted the Europeans to follow communism as
well. This would have caused a major issue for the US because when nations are
influenced by communism this means that free trade and the development of the
private sector would go through extinction. As a result, the United States fought the
USSR in the Cold War, in order to avoid it's influential rampage in Eastern Europe.

The end