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Political and economic effects of World War 1
Economic impact of world war 1
The impacts of the First World War
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World War I, also known as the Great War, began in Europe. Germany and Austria-Hungary started the war against Serbia. Eventually both sides involved their allied countries for help, increasing the size of this war. All of these countries were going to face consequences that happen from every war. Some countries were hurt worse than others. With all these countries involved in the war many treaties were created to keep the peace and numerous countries’ economies suffered. World War I led to consequences including economic consequences, the creation of peace treaties, and the creation of the League of Nations. Whenever there is a war, it generally follows with economic consequences for those involved. In 1918, there were protests occurring in Berlin about the effects of war on the population and this decrease in population occurred from financial problems in Germany, from the expenses of war and British blockades of German ports were causing them to starve (“World War One - End of the War”). This …show more content…
Germany’s economy had begun suffering before the Treaty of Versailles was created. Once this treaty went into effect, being passed by the reluctant United States (who wanted peace), the German economy tanked further. The United States did not only cause consequences for others, but also had consequences of their own to face. The United States economy blossomed as the immediate result of World War I, allowing for more jobs with better wages and increased the production of goods. Eventually the United States economy takes a turn from loans not being repaid, contributing to the start of the Great Depression later on. The League of Nations was a creation by Woodrow Wilson to prevent another great war from occurring after the devastation of this one. The consequences of World War I caused great trouble for the world, whether these effects occurred as an immediate effect or a ripple effect in later
World War 1 was the First World War and it happened in Europe it lasted from July 28, 1914, to November 11, 1918.Many people died and many people were let traumatized, over fifteen million people killed and twenty million wounded. The assassinations made Europe mad because they didn't know who did it and began to fight. Europeans wanted a balanced power, Alliances started to form. Some causes of the World War one include Militarism, Imperialism, Alliance system. There were many causes of World War 1 and one of the causes was Militarism.
World War I which was known as a war that ended all the other wars and as the Great War finally came to an end in 1918 changing life in many countries especially in the United States of America either in a negative or positive way. World War I was a war fought from the years 1914 to 1918 in Europe between members of the Triple Alliance and Triple Entente. The triple entente was formed of people from Great Britain, France, Russia, Italy, and the United States. The triple alliance on the other hand consisted of members of Germany, Austria-Hungary, Turkey, and Bulgaria. The Great War brought many changes throughout the whole world. One of the countries that was reshaped after the Great War was the United States. Life in the United States after World War I was no longer the same.
Although wages rose during the war, prices also rose by sixty percent. Because European farm production was disrupted, the United States' agricultural prices rose more than fifty percent between 1913 and 1918, and farmers' income increased significantly. Many farmers saw this as a great opportunity to bring in wealth and borrow money to expand production, but when the high prices of agricultural merchandise decreased, planters faced a credit squeeze. While most men were off at war, many women and blacks took over their jobs, contributing intensely to the Great War, also known as World War I.
Wars have been around for centuries. A typical battle was fought on land. The infantry would line up and fire at the advancing enemy. World War I was first called "the Great War" because of the number of lives lost (Coetzee 11). There were approximately nine million deaths over the course of the four years the war lasted (11). World War I began because of the assassination of "Archduke Franz Ferdinand, heir to the Austro-Hungarian throne" (17). Tensions were high and war seemed the only solution (17). The alliances in Europe were well formed by the time 1914 arrived (17). "The Central Powers" were "Germany and Austria-Hungary" (Westwell 8). "The Triple Entente" were "Britain, France, and Russia" (8). All of the countries and citizens believed in the cause of the war from the very beginning (9). That enthusiasm would quickly change once the introduction of new weapons and strategies were revealed (9). Every country involved was seeking ways to improve on the resources they needed to fight, and hopefully win the war. None of the countries involved wanted the other side to have a military advantage over the other (7). World War I had technological inventions such as machine guns, poison gas, tanks and submarines, which changed the strategy of war. The outcome of these inventions resulted in more death and destruction than previous wars.
World War I caused a lot of damage to different countries and the Treaty of Versailles punished Germany harshly for starting the war. In the years following the war, Hitler and the Nazi Party rose to power and gained control of Germany and its government. Also, the League of Nations was set up to help keep peace between countries.
World War I was one of most brutal and largest wars that ha world has ever experienced. World War I was a war fought in many countries all over the world including Europe, France, Russia, Britain, France, the United States and many other countries. Although World War I officially began on July 28th, 1914, this war has been building up for quite a bit of time. The issues started minor but began to grow larger until the official date of the war was declared much like a domino affect.
Social, Political and Economic Effects of WWI. Everywhere in the world heard the sound of things breaking." Advanced European societies could not support long wars or so many thought prior to World War I. They were right in the way.
involvement in World War I had an immense impact on the U.S. economy. It is considered one of the main causes of the Great Depression. The Allies, and Germany incurred great debts when they traded with the U.S. before the U.S. declared war. The U.S. spent roughly $38 billion on the war. Even the American public helped by buying Liberty Bonds and this caused a downfall in the economy after the war because the debt could not be easily paid. The high international debt also caused economic turmoil in Europe, which affected international trade in the U.S.. The need for American goods decreased, and even the trade of European goods became difficult. The impact this had on the American economy was the first step towards the Great Depression. The involvement of the U.S. in the war was something that was certain to happen. The war was affecting our economy even before the U.S. was involved and, the American soldiers had to help to end the war before the damage became
Several economies such as Germany’s were destroyed and were forced to reconstruct their economy. Opposed to in the United States the war led to the economic industrial boom known as the Roaring Twenties. Countries such as France and Britain initially had some economic struggle but soon stabilized. After several years, The United States suffered and was involved in the catastrophe known as “The Great Depression”, Germany followed under the ruling of Nazi’s. The nations included The Great War were pushed to radical limits; millions were harmed and killed, including politicians, civilians but most of all soldiers serving their country. World War I left all involved uneasy, there was no comfort as the past had already tainted the future. Perhaps, one of the greatest uproars to ever occur leaving people on differing sides of
World War I, also referred to as the Great War, was global conflict among the greatest Western powers and beyond. From 1914-1918, this turf war swept across rivaling nations, intensifying oppositions and battling until victory was declared. World War I was immediately triggered by the assassination of Archduke Ferdinand, however several long-term causes also contributed. The growing development of militarism, the eruption of powerful alliances, as well as the spread of imperialism, and a deepening sense of nationalism, significantly promoted to the outbreak of the Great War.
The Treaty of Versailles, which was signed after World War I, was supposed to ensure peace by imposing harsh conditions on Germany in the form of reparations. Canadian, American, and other delegates warned that the reparations were too severe. In the end, the Treaty ended up crippling Germany and Austria with war debts that guaranteed another war: World War II. Although the Treaty of Versailles, in itself, did not impact Canadian economy that much, World War II
World War 1 World War 1 was called “The Great War”, “The war to end all wars”, and “The first modern war”. It has many causes and a few repercussions and I will describe them in detail. The most widely known reason for the start of World War 1 was the assassination of the Arch Duke Ferdinand of Austria-Hungary in the Serbian capital of Sarajevo. The ArchDuke was there to talk to the Serbian leaders about peace on the Balkan Peninsula. After a Serbian was arrested for the assassination, Austria-Hungary pulled out of the peace talks and declared war on Serbia.
WWI affected every aspect of American life, including the economy. The economy immediately grew in the buildup to the war and during its prosecution, due to the high production of goods, loans, the stock market boom, and exports.
World War I was the first of two world wars, including mainly European countries, beginning July 28, 1914 and ending November 11, 1918 . World War One was cause by many problems in the European nations, militarism being one of them. Militarism is “the belief or desire of a government or people that a country should maintain a strong military capability and be prepared to use it aggressively to defend or promote national interests”. The reason for the obsession over militarism was the Europeans countries’ thirst for power. As a result, out of nowhere competition came out to be the biggest baddest country in Europe, leading to the creation of new military weapons and advancements, and ending with the making of military alliances out of
World War I, the first man-made catastrophe of the twentieth century, left many negative effects on the entire world, including the World War II, the birth of the atomic bomb, and the Cold War. One positive effect has though been the advancement in the field of space exploration. In this war, Austria-Hungary, Germany, and the Ottoman Empire (the Central powers), clashed against Serbia, Great Britain, France, Russia, Italy, Japan, and the United States (the Allied powers). The war began on July 28, 1914 as a small conflict between Austria-Hungary and Serbia, but soon engulfed the other major countries involved in treaties with the two countries. The war lasted for four years, killing more than nine million soldiers and wounding 21 thousand more. It finally came to an end when the Allied Powers defeated the Central Powers and made the Treaty of Versailles to maintain peace.