How Did World War 1 Affect The Economy

World War I was a tragic episode in European history. As with most wars, there were some causes that led to this event. A few of these causes were militarism, alliances, and imperialism. The first spark of the war was on June 28, 1914 when the Archduke Franz Ferdinand and his wife were assassinated by a Serbian nationalist group called the Black Hand. The Austrian leaders demanded an apology from Serbia, they got upset and Russia said they would help Serbia. With no apology and the threat of Russia, on June 28 Austria-Hungary declared war on them; Russia in return declared war on Austria-Hungary. Germany declared war on Russia, France on both Germany and Austria-Hungary. Finally Britain had joined France and Russia, then all of Europe was at war.

When World War I ended in 1918, it had many unforeseen economic consequences. Despite a stable economy when entering the war, the political consequences of World War I helped to spread and exacerbate the Great Depression. After the war, Germany had millions of dollars in reparations to the winning countries. France and Great Britain had massive damage to their countries and cities, all of which required rebuilding. The United States recognized a need and was more than willing to lend to these countries. When the Great Depression hit in 1929, U.S. banks started to fail, and began to call in these foreign loans and refused to lend more. Results of the Great Depression include a decline in the average income of Americans and greater

World War 1 was fought between the periods of 1914 to 1919. It is also known as the Great War. WW1 began as a conflict between Serbia and Austria-Hungary. The conflict spread like wildfire, dragging almost all of the countries in Europe into WW1. Lots of reasons are given onto the cause of the war and what eventually concluded the war. My paper will discuss the different aspects of the war, especially the U.S.’s contribution and involvement to the war.

World War I had occured between July 1914 and November 11,1918. The war had been caused by the assassination of Archduke Franz Ferdinand. When a Serbian terrorist had drove by shooting him, and his family. Then when Austria-Hungary demanded reparations (amends), they declared war against Serbia. Militarism, Alliances, Imperialism and Nationalism had lead to the cause of World War I.

World War I was known as the “war to end all wars,” and led to mass devastation throughout Europe. The four years of war all started with tension forming between Austria-Hungary and Serbia. After taking over Bosnia and Herzegovina, two regions Serbia wanted, Serbia vowed to take them away while Austria-Hungary vowed to destroy any effort made. Soon after, the nationalistic Black Hand who wanted to rid Bosnia of the Austrian control, shot Austria’s heir, Archduke Franz Ferdinand. Afterwards, Austria wanted to punish Serbia and declared war on them. The assassination seemed to be what sparked the war, but rather there were much greater causes hidden beneath the surface. Instead, the underlying causes of World War I was

After World War Two the American economy was on the rise due to the outcome of the war.

World War I was a devastating war in Europe between several countries and alliances that took place between 1914 CE - 1918 CE which utilized several modern industrialized weapons, took millions of lives and changed the course of history. World War I was sparked by the assassination of the Archduke of Austria-Hungary, but increased military spending, alliances treaties and colonization assisted the spark set by Gavrilo Princip(assassin of Archduke)to spread into a wildfire. Increasing military budget was one of the building blocks of World War I. In 1899 , In response to Great Britain's military spending German Chancellor calls upon the Reichstag (German Parliament) While Great Britain was increasing its colonial empire, German Chancellor calls

After four years of trying to stay alive and killing people, World War I ended in November 11, 1918. There was an event that triggered the war to break out on June 28, 1914. The event that triggered the war was the assassination of Archduke Franz Fordincrd, that was Austrian. The Austria-Hungary gave the Serbian two demands to follow but they did not want to. The first one was to stop the group that assassinated him, and to let Austria-Hungary to send police into Serbia to investigate. The Austria-Hungary accused Serbia for the assassination of Fordincrd and his wife (Document 3). The causes of World War I is Militarism, Alliances, Imperialism, and Nationalism.

Additionally, post WWII America experienced similar events post WWI America. During the 1920s, in the wake of WWI, America experienced widespread prosperity, even amidst a staggering wealth gap, similar to post WW II

The United States has faced many struggles and hard times along with many great accomplishes that has formed the nation the way it is today. 100 years ago in 1914 World War I began and ended with approximately 17 million deaths along with 20 million injured. Following the First War, Great Depression took over the nation, lasting about 10 years, causing banks to close and people to severely struggle. The Nation declared a second war known as World War II in 1939 that lasted 6 years with 60 million casualties. Both of the wars changed the economics, social, and cultural aspect of the nation, machinery technology that was used also changed, and the .

World war one or the great war as it was known at the time hit Europe hard. That Europe was not the only region affected by the consequences of war. The American economy would go through great upheaval in an era of American exceptionalism. However wall so many Americans we're working hard and being frugal with that money there was of course an uptake of reckless spending. With regards to this reckless spending came the Notion of buy now pay later. However with this new attitude about money would quickly change due to the fact that companies were pumping out more products than were what was being purchase and people had no need to repurchase product. This all contributed to something known as The great depression a rather turbulent time a source

Through battle and war, countries have individually developed a unique sense of patriotism and differentiated their cultures from one another. At the start of World War I, the preponderance of American citizens obtained anti-war beliefs. The majority of the US population preferred to stay clear of battle and preserve their ideas of isolationism, which included sustaining America’s separation from foreign affairs and political issues. However, as time went on and German attacks became more frequent and aggressive, these beliefs were soon transformed into a unified pro-war sentiment. President Wilson believed strongly in maintaining a neutral status and even attempted to continue trade with each side, but after German sabotage sank the Lusitania,

America benefited greatly economically, through major European nations being devastated and America being unscathed. Also, US knowledge of technology and industrial design was increased by its involvement in the war. Therefore, the US gained much prestige throughout the world, making itself an international superpower. Post World War One benefited the US greatly economically, technologically, and will ultimately make them a world superpower throughout the world.

As a student studying business, I like to look at significant events in US history and the impact they had on business in America. In addition to business, I have always been interested in wars and America’s involvement in those wars. When we started discussing World War 1 in class, it peaked my interest. Not only did we discuss the war, but we also looked at the impact it had on American business. At that point, I knew that I had the topic for my term paper.

My project is about World War I. There wasn’t a single event that caused World War I. The War happened because of several different events that took place in the years building up to 1914. The war was between two powers, the Central Powers and the Allied Powers. The Central Powers were Austria-Hungary and the Ottoman Empire. The Allied Powers were Great Britain, France, Russia, Italy and Japan (the Allied Powers.) Germany had surrendered on November 11, 1918, and all of the nations had agreed to stop fighting while the terms of peace were made. On June 28, 1919, Germany and the Allied Nations which included Britain, France, Italy and Russia signed the Treaty of Versailles, ending the war. The war lasted from August 1, 1914 to November 11,