Austria-Hungary Research Paper

“Winners of total wars are those who can best manage the intense demands on their economies”

World War had a significant economic impact on every country involved. The countries who did not have a strong economy ended up on the losing side of the war for the most part. On the other hand, countries who were able to manage their economies well were usually triumphant. Austria-Hungary was seen as a great because of its millions of inhabitants, but their economic situation was not reflective of that. The United States was able to successfully mobilize their economy, ultimately resulting in their victory. The countries who were able to manage their countries the best tended to be the ones who were victorious.

Despite the United States short involvement in World War 1, they were able to successfully mobilize their economy. Initially the U.S. army stood at around 200,000 but grew to nearly 5,000,000 once they entered the war. The size in the army resulted in an increased economic demand, but the U.S. did not have the resources to meet the demand of the economy. The U.S significantly increased their spending in order to meet these demands. Despite the high cost of the demands, the U.S. still remained strong economically. The workforce increased dramatically and the production of goods was at an all time. The United

Despite the a population of approximately 50 million, their economy was weak in comparison to the other countries involved in the war. Austria-Hungary had minimal economic resources and low production levels. Wages were also low which hurt their economy even more. This was due in part to the high variation in production levels across the region. Hungary would eventually reach a higher economic level, but it still remained lower than those in Central Europe. Throughout the course of the war, these problems persisted, resulting in the Austria-Hungary ultimately being on the losing side of the