The country's international economic position was also permanently affected. Its pre-war status as a debtor country was permanently changed to a net creditor, in the order of $6.4billion. Also, the power as financial world leader shifted from London and the Bank of England to New York, with an enhancement of the Federal Reserve's role (World War I History). In general, it appears as if the war effort had a favorable impact on the U.S. economy. The devastating human and resource losses were offset by favorable...

In this way, World War I changed the economic position of the United States both permanently and favorably.
Sources

Duffy, Michael. "The Causes of World War I." FirstWorldWar.com feature articles. March 27, 2004. http://www.firstworldwar.com/origins/causes.htm

U.S. Declaration of War with Germany, 2 April 1917" FirstWolrdWar.com primary documents. April 14, 2002. URL: http://www.firstworldwar.com/source/usneutrality.htm

Feldmeth, Greg D. "U.S. Involvement in World War I." U.S. History Resources. March 31, 1998. URL: http://www.geocities.com/Pentagon/Bunker/3017/

Rockoff, Hugh. "U.S. Economy in World War I." EH.Net Encyclopedia, edited by Robert Whaples. September 30, 2005. URL:

http:/ / the.net/encyclopedia/article/Rockoff.WWI

World War I History. "World War I (1914-1918)." September, 1998. URL: http://www.teacheroz.com/wwi.htm