The impact on business was one of the disastrous effects of World War 1. Before World War I, the global economy was growing robustly. Technology, like steamships, the telegraph, and the telephone, expanded global travel and communication. There was no limit on immigration and no need for passports. Governments were small and kept their budgets balanced. But the American economy after WW1 was totally different. We will see the impact of World War 1 on economy of America.
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