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The economic history of World War I covers the methods used by the First World War (1914–1918), as well as related postwar issues such as war debts and reparations. It also covers the economic mobilization of labour, industry, and agriculture leading to economic failure.
11 lis 2014 · Weighed down by peasant agriculture, economic mobilisation in the Central Powers led to urban famine, revolutionary insurrection, and the downfall of emperors – just as it did in Russia, which was the first economy to crack under the strain in 1917.
THE ECONOMICS OF WORLD WAR I: A COMPARATIVE QUANTITATIVE ANALYSIS. Abstract: We draw on the experience of the major combatant countries in World War I to analyse the role of economic factors in determining the outcome of the war and the effects of the war on subsequent economic performance.
Economic mobilization beyond the initial needs of the troops involved increasing arms and munitions production, expanding the push for raw materials, mobilizing industrial and agricultural workers for the war economy, and allocating food and other resources based on the needs of the warfare-state.
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.
This book deals with two issues that then arise. First, what did economic factors contribute to victory and defeat in World War I? Second, how did the war affect postwar economic institutions and performance in the economies that took part or were most affected by the war? As far as the first question is concerned, it is worth recalling that the
Introduction. Globalisation has been under way for centuries. The modern wave of globalisation that dates from the early nineteenth century gave a significant boost to world trade, world capital flows, and worldwide migration, with great powers competing for colonial empires on a global scale.
