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How Did World War 1 Affect The Economy

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The aftermath of World War I brought extreme tragedy and devastation. Germany initiated the negotiation to end the war. Although not all parties initially agreed, the Treaty of Versailles is what ultimately ended the war. Millions of solders were either killed or injured during the war. Civilians were also killed and injured. Families were broken apart. This was extremely detrimental; the world was in mourning and despair. Germany lost a tremendous amount of its territory and population. World War I changed our society and economy in many different ways. It was promised to be the war to end all wars. Millions of people lost so much, for nothing. World War I will forever be remembered as a time of great tragedy. The United States also experienced economic tragedy. However, it was rather short lived …show more content…

To name a few, Germany, Belgium, Austria, France, United Kingdom, and United States. Each of these countries were affected differently. Regardless, a large amount of tragedy and deaths occurred in each of them. They were all also impacted economically, some more severe than others. Each country had a different motive, however, they were all greatly driven by power and independence.
Europe was significantly affected by World War I. They endured extreme economic hardships, and it took great lengths of time to recover. They were exhausted of all options and resources. If the war itself wasn't detrimental enough, they now were faced with the aftermath. Some of the countries were able to recover economically relatively quickly, Europe however, was not one of them.
According to the website for the National Bureau of Economic Research, the total cost of World War I for the United States was approximately 32 billion. This was also 52 percent of the gross national product at the time. (http://www.nber.org/digest/jan05/w10580.html) However, it seemed as though this didn't put much strain on the country as a

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World War I (WWI) is one of the biggest wars fought across the globe. The war was fought from 1914-1918 with some of the biggest countries across the globe such as the United States of America and Germany. This world war caused many civilians across the globe to fall into depression and disillusionment. Civilians lost hope in their leaders. However, what were the main causes that led to such a big war affecting millions across the globe to occur?

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