Also, the rule was enforced to avoid large capital flight out of the country. The capital was shifted into government to fund the growing war. In Europe, the response of the stock price declined was a restriction rule in stock prices such as in LSE. The average of Dow Jones Industrial declined in 1916 which increased 2 years before because of optimism from investors that U.S companies could profit from selling goods and war material. This event also made some desperate traders sell their shares in over-the-counter markets. The fear of a massive selling from traders and the share trading method at that time led some majors stock market in Europe to shut down. WW1 brought many negative effects on the economy. GRATISSS Download!!! Ebook Perencanaan Keuangan Entrepreneur & Freelance Based on the Uppsala Conflict Data Program, there are 254 armed conflicts have been fought since 1946. And it went up to US$1,822 billion in 2018, a rise of 2.6% from 2017 (SIPRI data), where the US and China leading the increase.ĭespite the growth, numbers of armed conflict have dropped significantly since the Cold War. Not only in terms of advancement, but regions in the world also showed an increase in military expenditure from 1990 to 2015. With such machinery power or technology, countries or people can annihilate each other. Cyber attack is now a new threat to national security, besides terrorism. Killer drones with a size almost like an insect have been invented along with AI and nanotechnology. Its capability of killing and destroying is faster and almost not involving humans on the battlefield. The machinery of war somehow became so advanced. The Development and Use of Technology in War This article is trying to explain generally the development of technology weapons (a part that has been used in conflict among nations), the economic impact that ever happens in the world and 9/11 war, factors that might trigger WW 3 and its economic impact, and also some steps to prevent WW 3 to happen. Not only people’s lives being taken, but it left socio-political, environmental destruction, geopolitical tension, and psychological effects in the long run. ![]() ![]() World War (WW) 1, 2, Cold War & the 9/11 War brought a devastating impact on human civilization. World war is a conflict among countries that has the potential to start or trigger a war on a global scale and involve military power. The Development and Use of Technology in War.
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