3 years ago

What was an economic result of soldiers being drafted to fight in World War I?

1 answer:

4 0

<span>One economic result of the draft during WWI was a dramatic decrease in the unemployment rate. In the United States the unemployment rate stood at 7.9% in 1914 prior to the beginning of the draft and dropped six and a half points to 1.4% by 1918. This large shift in unemployment, along with the shift in demand caused by moving the economy to a war footing, showed that government activity could have a great impact on macroeconomic conditions.</span>

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