World War I (28 Jul 1914 Jahr – 11 Nov 1918 Jahr)

Beschreibung:

Although war is bad, the US economy had a 44 month boom only after they joined the war. The unemployment rate went down from 7.9-1.4%. The government centralized price and production controls. The US had massive federal spending and national production for war goods. The Europeans also bought some goods from the US during the war. After the war, the US started investing more money into other countries' exports and New York had come into the contest for the world's leading financial center.