as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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describe the economic impact of world war ii.
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world war ii had a tremendous economic impact on the world. it led to increased international trade and capital flows, technological advances in industry and communication, and a sharp rise in government spending. it also caused a sharp drop in world output, a deterioration in infrastructure, a rise in unemployment and poverty, and a shift from private sector to government expenditure.
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