The Impact of World Wars on the Global Economy World Wars I and II have left a deep imprint on the global economy, changing the world economic order significantly. Since the first war broke out in 1914 until the second ended in 1945, the impact on the countries involved and those not involved was felt. First, one of the main impacts was the economic crisis caused by the very high costs of war. The costs of military equipment, restoration, and rebuilding of infrastructure left many countries in debt. Countries such as Germany experienced hyperinflation after World War I, which damaged economic stability and created social uncertainty. Second, the supply shortage pandemic emerged as a result of the war. During World War II, many resources were allocated to military activities, resulting in a decline in the production of consumer goods. This crisis prompted the government to control prices and distribution of goods, which caused discontent among civilians. Third, changes in international trade relations are also a significant impact. Countries involved in both wars had to look for alternative suppliers and new markets, especially after trade blockades. This led to the creation of international organizations such as the United Nations (UN) and the World Trade Organization (WTO) to facilitate post-war free trade. Fourth, the impact on labor cannot be ignored. Many production facilities shifted from commercial to military, causing unemployment in certain sectors. After the war, the integration of women into the workforce increased as they replaced men who had gone to war. This transformation is changing the way things work in various countries, accelerating gender equality in the economy. Fifth, war encourages technological developments that have an impact on the global economy. Innovations in military technology, such as radar and aviation, resulted in advances that could be transferred to the civilian sector. For example, the invention of the airplane and the development of the automotive industry changed global transportation and trade after the war. Furthermore, the further impact of foreign direct investment (FDI) was seen after the war. Countries devastated by war received aid from developed countries through the Marshall Plan, facilitating reconstruction and fueling economic growth in Europe. This program strengthens transatlantic relations and accelerates the integration of European markets. On the other hand, the Cold War that emerged after World War II created two opposing economic blocs, namely the capitalist bloc led by the US and the communist bloc led by the Soviet Union. This competition influences the allocation of resources and prioritization of economic development in each block. Finally, the long-term impact of these two world wars was the emergence of the concept of globalization. After World War II, economies began to become globally integrated, with increased flows of goods, services, and capital between countries. This new era brings new challenges and opportunities that shape the modern world economy. Overall, the profound economic impact of the world war changed the world order and economic patterns to this day. The existence of crises, innovations, and new trade relationships create new dynamics that continue in the global economy.