baby boom industrial disarmament in Western Germany Germany Europe German United States in Europe E
The global economy suffered heavily from the war, although participating nations were affected differently. The United States emerged much richer than any other nation, leading to a baby boom, and by 1950 its gross domestic product per person was much higher than that of any of the other powers, and it dominated the world economy. The Allied occupational authorities pursued a policy of industrial disarmament in Western Germany from 1945 to 1948. Due to international trade interdependencies, this policy led to an economic stagnation in Europe and delayed European recovery from the war for several years.
