How Did World War 1 Affect The Economy

To many who took part the experience was little less than apocalyptic; it seemed like an end. It's not, the war was not the end but the beginning of everything. World War I, which lasted from 1914 to 1918, was one of the greatest wars and the first modern war in the world. This world war I became the gateway to new things. From the political, social and economic fields. This war not only inflicts tremendous damage but also costs a lot and affects the world order afterwards. World War I brought down the four greatest empires in Europe without a trace. No more kingdom, the state system began to grow. World War I was also the beginning of the emergence of new ideas that flourished. Fascism (Germany, Italy), Communism (Russia), Nationalism (Turkey), and Militarism (Japan).

In an Economic perspective, World War I brings tremendous losses because conflicting countries focus all budgets for the war cost. Hunger, the destruction of physical and nonphysical means, the destruction of industrial centers in Europe, the crisis, the unemployment, the lack of labor supply because Many men go to the battlefield. Causing the role of women in industry increased rapidly when World War I took place. After the Industrial Revolution the women began to be
The Great crisis hit the worldwide economy. The crisis of Malaisse, the great depression after the great destruction caused by World War I. The economic downturn drastically, both in industrial and developing countries. The volume of international trade is drastically reduced, falling stock markets, rising taxes, agricultural prices down from 40-60%. This economic crisis gradually recovered when World War II began.The outbreak of war made many people get jobs again. Sadly, the crisis caused by the war ended in war. The war that should be the end would be a start. After World War II took place, the economic system was transformed into Capitalist in the West and Socialist in the