• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Economic consequances of WW1

Extracts from this document...


Economic consequences of the WW1 Evolution of world economy in the first interblic decade was determined decisively by the consequences of the First World War. The extremely complicated economic problems appeared after the war caused an imbalance in world economy, production, world trade, currency system. The material loses, war destruction, unproductive consumption lead to reduction of industrial and agricultural potential of Europe with the average of 40% and 30%. The War mobilised approximately 65 million people, of which 9 million people died , 15 million were injured ,5 million disappeared and 7 million of invalids with 300,000 people with 100% of invalidity. To these loses it adds more then 5 million orphans, more then 4 million widows, and more then 4 million of civilians who died because of illness. ...read more.


This deficit was caused by the decrease of male population number. France and Great Britain were first who noted the phenomenon of aging population, from 1911-1921 the average of aged population who overcame 60 years increased in France from 12,6%- 13,7% and in Great Britain from 8%-9,4%. Because of the defiency (deficit) of work force created by the war, the government involve the female part and the children. Because the lost of the skilled labour and the utilisation of these work force caused the decreased in quality , productivity and the efficiency of the production. The social integration of invalid people who had the right of compensation from the government, like the orphans and widows had, determined a big financial need, as the budgets were poor enough after the loses of the war. ...read more.


To restore everything what was made in 4 years it needed 16 years. The totally cost of the war was different, is starts from 273 milliard to 338 milliard dollars. The biggest destruction were in France , Belgium, Romania, Serbia and Poland. The fourth years of war caused in France the decrease of production with 30 % and 50% of enterprises closed. Germany lost her rich economics areas and the usage of all existent material.From 1913-1919 the production of coal decrease from 190-108 tones and half of potatoes production. In Russia the decrease of the production achieve 71% of coal production,66% of oil,97% of iron. The most important consequence of the war is the change of the world leaders, Europe lost her position of economic leader and USA and Japan took its place. Cristina Gherasim ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate History section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate History essays

  1. World War 1 Information

    North for jobs > Increased racial tension > Race riots break out in St. Louis in July 1917 > Huge riot in Chicago in 1917 killed 100 people > Women start working in place of men > American propaganda tries to rally public opinion of war > 200,000 men fled

  2. Causes of WW1

    The alliances caused much suspicion between countries in Europe. At this time Europe was very unstable and everyone wanted to know what everyone else was up to. The creating of treaties that a certain country was not involved in made it feel as if it was missing out on something.

  1. cause of WW1

    Germany feel herself surrounded by France and Russia; second the alliances felt that when one country went to war, the others felt obliged to go to war as well. Therefore, the alliance system, the Triple Alliance and the Triple Entente, had an effect of causing a war between the Great Powers.

  2. Interwar Years: 1919-39

    Protectionism * Many governments reacted to the Great Depression by trying to protect their own industries from foreign competition by means of raising tariff barriers against imported goods. * In 1930 a tariff in the USA called the Hawley-Smoot Tariff greatly restricted foreign imports but, in the process, sparked off a tariff 'war' with other countries.

  1. Was there continuous economic decline in Britain from 1951 to 1990

    The shipbuilding industry among others, collapsed, partly because of rising exports from the rest of Europe and Japan. It also seems that there was too much government intervention during this period. This caused weak industries to be over-protected from competition.

  2. Cause of WW1

    As international tension grew, many such as the historian Hinsley, hold the view that "the German government was primarily responsible for the pre-war tension - and was far more responsible for the war because of the decisions it took between 1904 and 1913 than on account of anything it did after Sarajevo".

  1. What caused World War 1?

    to ally with them, for example, although Italy was not allied to Britain it chose not to become involved in a war against the nation out of gratitude for the role Britain played in the unification of Italy. In 1979 the Dual Alliance was formed between Austria-Hungary and Germany, originally as a secret treaty.

  2. Japan and WW1

    Japan's statesmen, however, believed that Germany was a menace to both China and Japan and had lively recollections of her unfriendly attitude in connection with the Chino-Japanese war and in the period that followed. Germany had been playing the same game in China that she had played in the Mediterranean and which had ultimately brought about the war.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work