(i) Death and Destruction : More than GO million people, or about 3 per cent of the world’s population, are believed to have been killed, directly or indirectly, as a result of the tear. Millions or more were injured too. Many big cities were reduced to ashes. (ii) Damage to Agriculture. Trade and Industries : The World War II caused a great damage to agriculture, trade and commerce. The terrible battles fought in different countries, made large tracts of land infertile. Lakhs of industries were destroyed which caused a severe damage to the industrial production. Many industries were closed down in the absence of sufficient raw materials. (iii) Increase in Soviet Russia’s Power and Prestige : The Second World War boosted up the power and prestige of the Soviet Union. Russian influence started increasing in the international held, and many countries got attracted towards communism. (iv) USA becomes a Super Power : The World War II made USA the supreme power of the world Undoubtedly, the USA played an important role in the victory of the Allies. After the war, no European country was either as powerful or as prosperous as the United States of America (USA). (v) New Economic system : The main aim of the post-war international economic system was to preserve economic Stability and full employment in the industrial world. The Bretton Woods conference established the International Monetary fund IMP to deal with external surpluses and deficits its member nations. The International Bank for Reconstruction and Development ( popularly known as the World Bank) was set up to finance post-war reconstruction.