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| | EH.Net Encyclopedia: US Economy in World War I |
 | | Although the United States was actively involved in World War I for only nineteen months, from April 1917 to November 1919, the mobilization of the economy was extraordinary. |
 | | Once the size of the Army had been determined, the demands on the economy became obvious, although the means to satisfy them did not: food and clothing, guns and ammunition, places to train, and the means of transport. |
 | | [7] Before the war the center of the world capital market was London, and the Bank of England was the world's most important financial institution; after the war leadership shifted to New York, and the role of the Federal Reserve was enhanced. |
| www.eh.net /encyclopedia/article/Rockoff.WWI (4943 words) |
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