After the end of World war 1, consumers started to get credit without the aid of loan sharks as product demand soared. As a result, credit began to gain more societal acceptance.
Between 1914 and 1918, a worldwide conflict known as World War I, sometimes referred to as the First World War, enveloped most of the European nations as well as Russia, the United States, the Middle East, and other regions. During the battle, the Allies mainly France, Great Britain, Russia, Italy, Japan, and, starting in 1917, the United States were pitted against the Central Powers, notably Germany, Austria-Hungary, and Turkey.
The end result was the defeat of the Central Powers. The fight was basically unmatched in terms of the number of deaths, mayhem, and destruction. World War I was one of the pivotal events in 20th-century world history.
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