Answer: The effect of WWI on the US economy was considerable. There are two effects that the war had on the US economy: short term, and long term. For the short term effect the US economy grew in the buildup to the war and during its prosecution. From 1915 the US made tons of loans to the UK to help them in their war effort.
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Answer:
A standing army, unlike a reserve army, is a permanent, often professional, army. It is composed of full-time soldiers (who may be either career soldiers or conscripts) and is not disbanded during times of peace. It differs from army reserves, who are enrolled for the long term, but activated only during wars or natural disasters, and temporary armies, which are raised from the civilian population only during a war or threat of war and disbanded once the war or threat is over. The term dates from approximately 1600, although the phenomenon it describes is much older
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