The Impact of World War on the Global Economy World Wars I and II had a deep and broad impact on the global economy, which is still felt to this day. These two major conflicts not only caused loss of life and physical destruction, but also changed the economic and political structures of many countries. First, World War I changed industrial production patterns. Countries involved in the war accelerated technological development and innovation in the weapons industry. This led to increased post-war production of consumer goods, creating an era of mass consumption. However, after the war, many countries experienced severe inflation, especially in Germany, leading to hyperinflation and economic instability. Post-WWII economic recovery was influenced by the Treaty of Versailles, which imposed heavy reparations on Germany. This not only destroyed the German economy, but also created social and political discontent that contributed to the emergence of World War II. Furthermore, World War II had a greater impact on the global economy. The news of disturbing projections and the chaos of high unemployment are forcing countries to overhaul their economic systems. In the United States, the shift from an agricultural-based economy to industrialization began. With the increasing need to support the war effort, the US government invested heavily in industry. After WWII, there was an “Economic Booster.” The countries involved began reconstruction programs, such as the Marshall Plan, which helped rebuild Europe’s economy. Rapid economic growth was also seen in Japan and countries in East Asia, which gained control over the production of more advanced techniques and innovations. Globalization also functions as a cover for the impacts caused by war. Countries that had been destroyed began to interact economically, opening new markets, and forming international organizations to create stability, such as the IMF and World Bank. With the advent of information and communication technology, international trade has undergone a revolution. Economies are increasingly integrated, enabling massive cross-border flows of goods and services. As a consequence, interdependence between countries is increasing, creating complex global supply networks. On the other hand, long-term impacts also include increasing economic inequality. Rich countries are increasingly dominant in international trade, while developing countries are often trapped in debt and dependent on external aid. This creates a gap between developed and developing countries that is difficult to bridge. The conflicts resulting from both wars also produced major changes in economic policy. The Keynesian approach is gaining acceptance, with a focus on government intervention in the economy to achieve stability and growth. This model has become a reference for many countries in formulating post-war economic policies. World Wars I and II not only served as turning points in the history of conflict, but also as starting points for global economic development. Providing a complex legacy, the impact of these two wars continues to shape economic and social dynamics around the world today.