In 1938 there were seven world powers, These included Japan,Italy, Germany, USSR, UK, France and the USA. The world power withthe highest level of military expenditures was Germany. Hitlerinvested approximately $7,4 billion. The next highest was the USSRwith $5.4 billion. Looking back, it's now seen that Germany and theUSSR were placing themselves on a war minded agenda. The five othergreat world powers were not even close to Germany and the USSR inmilitary spending.