What were the economic effects of World War 2 on America?
W W II changed the direction of America. Strategic planners realized that W W II would allow US to gain a strategic advantage over the rest of the world and that advantage persists to this day. The US now holds strategic control over oil in the Middle East, and is taking advantage of many parts of the world through the IMF and the WTO. Read Noam Chomsky on this topic for some interesting insights. Of course, the US gained full employment during the war and pulled the country out of recession, but the after effects are far more important. W W II put the US on a trajectory to be the worlds only superpower.
