The Second World War took place from 1939 to 1945 AD. Almost all the countries in the world had participated in this war. After the war whole world was divided into two huge hostiles. One was led by Britain and another by Russia. Communism and capitalism were the fundamental economic policies.
Due to Second World War, different political and economic effects were seen in the world circumference. Some of them are mentioned below:
- The Second World War destroyed huge amount of properties in the war. It was estimated that 1000 billion dollar was spend. Entire economy of the world concentrated on war.
- Huge and destructive atomic powers were developed and bases of powers transformed from weapons to atom.
- The United Nations got proper position in the world and has been more effective to control war in large scale.
- More stable politics were seen in most of the world which ensured development of different countries.