COLONIAL ECONOMY AND SOCIAL SERVICES AFTER THE SECOND WORLD WAR
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The Second World War was the biggest and deadliest war in history, involving more than 30 countries. Sparked by the 1939 Nazi invasion of Poland, the war dragged on for six bloody years until the Allies defeated Nazi Germany and Japan in 1945.
The Second World War had great impact to the impact to the economies of the metropole. It made the economy to come to a standstill due to large scale destruction and losses, the productive forces such as factories, financial institutions, trade. All these effects made the African continent under colonialism to respond through increasing production so as to revamp their economies to normal. Thus, economic impact of Second World War in Europe had direct impact to the periphery economies.
The Impacts of Second World War in Europe included:
- Loss of people. It is reported that roughly more than 50 million civilians and soldiers died which brought the shortage of manpower to work in the factories and industries of the economy of Europe, this explains emancipation women as they became alternative labour in the industries.
- Destruction of property that included factories, infrastructures like roads, railways etc, social services estimated loss stands on staggering figure $ 13,849,000,000,000.
- It had a deep effect on metropole economy in a sector of finance, it experienced financial hardship during the war because there was high expenditure with no production.
- Production and investment were very low due to low prices immediately after the war, the purchasing power of the population was very low which discouraged production in the metropole economy.
Such effects forced European economies to take some changes in African colonies so that they increase the qualities and quantities in production of cash crops and services, and to make African colonies fill and feed the gap in production that existed after the Second World War.
|Destruction of Properties in Europe as a result of the Second World War|
2. Settle economy
3. Plantation economy