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If the World Wars did not happen, how would the US and European economies have balanced in the long run? The wars wrecked US competition, brought in the wealth of Europe to finance it, and created vast industries where there had been none before. It also somewhat unbalanced the economy after WW1, which led to the development of government systems cope with the expansion after WW2. What was the relative US-European GDP balance pre-WW1 and what would it have been without the distorting wars?
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