Economic consequances of WW1

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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.

France, with approximately 1.400.000 deaths and disappeared people, lost 10,5% of active population ,more then that 100.000 deaths because of gassing or serious injury and 1.100.000 invalids. Germany had 1.850.000 deaths .which represents 9,8% of active population, Austria-Hungary lost 1.540.000 people, so it`s an average of 9,5%,but the most affected country was Russia, totally it lost 5.000.000 people.

The consequences of long term time were