But equally rapid change is the hallmark of many aspects of life since 1914, and nowhere has it been more apparent than in Europe. History of Europe - History of Europe - European society and culture since 1914: “If it works, it’s obsolete.” First reported in or about 1950, the saying neatly expressed that period’s sense of the headlong speed at which technology was changing. The total value of U.S. exports grew from $2.4 billion in 1913 to $6.2 billion in 1917. At 11:00 on November 11 1918 the first world war ended with the signing of the Treaty of Versailles. Unlike much of Europe, the former … However, Klein says social changes to the United States as a result of World War I … During the first two and a half years of combat, the United States was a neutral party and the economic boom came primarily from exports.

The Marshall Plan and the OEEC helped many Western European countries regain economic stability after World War II. While the crippled European economy whimpered, the American economy roared through the Twenties.

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