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Assume that WW1 is averted - no assassination to provide a spark, and no other point of conflict rises to the level to ignite a war. There are smaller wars in the Balkans, but nothing major. None of the major powers collapse in the time frame we're discussing. The world, as a whole, stays mostly at peace through 1945.

Some of the economic costs:
- The powers involved spent roughly $200 billion (1913 USD) on the war.
- The GDP of every continental participant, except Italy, fell dramatically, by up to 40%.
- Total death toll is just under 20 million, out of ~1.8 billion (1913)
- The Russian Civil War adds another 8-10 million deaths, and even worse short-term economic disruption (industry down by ~80%, agriculture down by ~66%).

With all of that considered, and with all due consideration that economics is not exactly an easy science to predict... what might the economy from 1918-1945 look like in this scenario?
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