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Impact Of Ww1 And Ww2

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Title: Compare the impact brought by WW1 and WW2 on Germany
Introduction?

In economic aspect, both WW1 and WW2 brought huge economic loss and hyperinflation, mass suffering, declining production on Germany. But the economic loss in WW2 was much higher than WW1. Germany's economy had collapsed after WW2. But the industrial development was enhanced after WW2 with the help of Marshall Plan, Germany's economy improved and the living standard was raised. After WW1, the Allies blamed Germany for the war as a result Germany was forced to sign the Treaty of Versailles drawn by the Allies. The treaty imposed huge reparation on Germany which included destruction caused by the war, and pensions for millions of Allied soldiers. Germany was in Great Depression and unemployment was very high, most people didn't have any jobs and their money was worthless due to hyperinflation after WW1.The economic conditions in Germany were worse. By the end of the war, the value of the German Mark had already dropped 50%. After the signing …show more content…

German standard of living was to be reduced to its 1932 level. In accordance with the Paris Peace Conference, 1947, reparations were also assessed from the countries of Italy, Romania, Hungary, Bulgaria, and Finland.
A major factor in the success of the Western occupation was the efficiency of the free market. This came as a great shock to the Soviets in particular who fervently believed that Soviet-style command economics was the most advanced economic system in the world. After the jump start provided by the American Marshall Plan, the German economy took off. Factories rose from the rubble left from the War. German workers achieved higher wages and living standards than in all of German history. The economy expanded so rapidly that workers had to be imported from other countries, including Italy and

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