The marked by various technological inventions which were basically

The First World War was fought
between 1914 and 1918 and the Second World War was fought between1939
and 1945. Both world wars are the major military conflicts in the history of
human being. The wars involved military coalition among unusual groups of countries
around the world. “On one side stood the central power of Austria-Hungary and
Germany, and on the other side were allies of France, Great Britain, and Russia”
(Hunt, 2012, 836).

statement: The First and Second World wars involved
half of the globe and demonstrated the conflict of supremacy.

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The World Wars not
only judged the supremacy of the fighting nations in terms of military and
technological advances but also the economic impact that had a deeper effect on
world economy. First World War was marked by various technological inventions
which were basically focused on developing the military strategies (Kesternich et al. 2014). “Technologies such as
heavy artillery, machine guns, airplanes, battleships, submarines, and
motorized transportation” were the contribution of the first great war to
humanity (Hunt, 2012, 838).

The second World
War offered the nations with the biological and chemical weapons and most
importantly the nuclear weapon. The researchers have stated that most of the
technological advancements took place between both World Wars. Numerous ships, vehicles,
aircrafts, artilleries and automatic aircraft complemented by devices used for
communication, navigation and remote sensing were invented in the interwar period.

According to the
researchers, the wars never have a beneficial effect on the economy of the
countries indulge in war. In this case half of the world was involved in
rivalry therefore, most of the nations had been financially affected directly
or indirectly (Doepke et al. 2015). The
nations suffered debts due to the wars, it covered economic mobilization of the
national resources and labours. “By the end of WWII millions were starving;
countries lay in ruins and unparalleled atrocities” (Hunt, 2012, 896). The
power of supremacy needed demonstration of wealth spent on military advancements.

Both the global
wars involved many large nations which indirectly affected the economy of the
small nations. Technology at that time only focused on progressing military strategies
of multiple countries that ultimately divided the globe into two conflicting