Which of the following best characterizes the economic conditions immediately after the First World War?
A) The wartime growth of industry and expansion of agriculture made economic reconversion from war to peace easy.
B) Careful government planning enabled most of the European countries to make a relatively painless transition to peacetime conditions.
C) Both victors and losers suffered a sharp economic depression.
D) Farms and factories geared to maximum production for the postwar era, and there was a sudden rise of new markets.
Correct Answer:
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