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25 lis 2021 · Economic woes and the war’s toll caused the Austro-Hungarian Empire to split into two separate nations, Austria and Hungary. Compared to the brief European wars of the 1800s, World War I was economically devastating, and the use of poison gas warfare and artillery even destroyed large tracts of arable land .
The economy (in terms of GDP) grew about 7% from 1914 to 1918 despite the absence of so many men in the services; by contrast the German economy shrank 27%. The War saw a decline of civilian consumption, with a major reallocation to munitions.
When the war began, the U.S. economy was in recession. But a 44-month economic boom ensued from 1914 to 1918, first as Europeans began purchasing U.S. goods for the war and later as the United States itself joined the battle.
The treaty blamed Germany for the war and punished her militarily, territorially and financially. This impacted enormously on the German economy and led to an economic crisis in 1923.
World War I | Timeline. Lists covering some of the major causes and effects of World War I, international conflict that in 1914–18 embroiled most of the nations of Europe along with Russia, the United States, the Middle East, and other regions.
2 cze 2014 · As regards the map of Europe, the Ottoman and Austro-Hungarian Empires were broken up and drastically shrunk, while Poland, Czechoslovakia and Yugoslavia were all born or reborn as nation states. Russia underwent the Bolshevik Revolution that would have a major impact on European and world history.
21 lis 2023 · A major effect of WWI was the economic crisis in which the countries involved were submerged. After the war, the destruction in Europe was great, and countries took time to...
