How World Wars Changed the Global Economy
The two World Wars did more than devastate nations and claim tens of millions of lives. They dismantled the economic foundations of the old world and forced the construction of an entirely new global system. Before the twentieth century, wealth and power were still largely rooted in land, empires, and colonial extraction. By the time the wars ended, economic dominance depended on industrial capacity, financial control, technological innovation, and the ability to coordinate entire societies under pressure.