How Did Ww1 Affect The Economy

Improved Essays
At the end of World War 1 it shocked many people. The impact it has made is still felt today. The war resulted with the end of empires and the beginning of new nations. For some countries that was a positive result but for others it brought economic depression. It influenced the style of literature and it changed culture. The impact World War I was remarkable.
When under the Treaty of Versailles, Germany was making many territorial movements. Because of this there were some territorial conflicts and changes. Most of the countries that were defeated from the war suffered territorial losses. The new nations were Czechoslovakia, Yugoslavia and Poland. After Russia’s defeat to Germany, Finland and the Baltic States were created as well. At the end of World War I, a socialist revolution broke out in Germany. The German Revolution in 1918-1919 ended with the creation of the Weimar Republic. It lasted until Adolf Hitler’s Nazi party took control which was in the early 1930s. Some of the historians believe that Germany’s defeat in World War I and the terms of the Treaty of Versailles helped the rise of Hitler and the Nazi party.
…show more content…
The World War did not quite affect America because their countrysides and factories were unharmed. It actually sped up the American industrial production. In the mid late 1920s, the German economy somewhat stabilized itself. But in 1929 after America’s stock market had crashed the Great Depression moved to Germany. From about late 1929 to the early 1930s the German society again suffered from depression. Knowing that they were in these type of conditions the Nazis would easily come into power. Despite the cons of the war in the economic category of it, technology had experienced a great boost. It was the production of airplanes, cars, radios, and certain chemicals. It gave them the advantage of mass production and their machinery performed their human labor

Related Documents

  • Superior Essays

    Interpretation A supports the view that the First World War was the main reason for the booming economy as it gave impetus to agricultural and industrial expansion which is shown by the annual Gross National Product of the USA increasing by 40% during 1922-29. Furthermore, there was an increase of machinery and productivity, shown by the introduction of the assembly line which allowed for faster manufacturing, due to labour shortages during the war as the workers were at war this is a further viewpoint that World War One was the major reason for the booming industry in America during the 1920s. However, interpretation A also suggests that another major reason was that the government disregarding their policy of laissez-faire and assisting businesses…

    • 1736 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    America underwent a drastic change due to the war. World War II was a time of opportunity for millions of Americans during this time period. However, after the War finally came to closure, America would eventually emerge as the world’s most dominant economic and military power.…

    • 678 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    It is surprising how wars have a way of improving the economy rather than completely destroying it. The Great Depression was a global economic crisis that began from the market crash in 1929. It is known to be the most major economic event in history. However, as wars were being fought, the economy was improving. The coming of World War II brought an end to the economic problems of the Great Depression by providing new jobs, technologies, and opportunities.…

    • 422 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    War Dbq

    • 1612 Words
    • 7 Pages

    The land that they once had made up Austria Hungary transformed into Austria, Yugoslavia, Hungary, and Czechoslovakia (Source H). The destruction of the former nations led to new governments, languages, and cultures to be formed. The result was the eradication of religions, and cultures that were established before the Great War. Countries such as Germany were greatly impacted. The new rules, and boundaries that were created only caused a new government in Germany to seize power.…

    • 1612 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    1) The economy shifted from an agricultural to an industrial base (Pre-WWII), and then to a globalized, post-industrial base (Post WWII). The move from agricultural to an industrial base economy pre-WWII and then to a globalized industrial base is connected with the United States evolving as a nation. During the Antebellum era, the U.S. Southern States relied upon the institution of slavery to grow their economy while the North relied more on transportation, manufacturing, and the creation and use of new technology.…

    • 559 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    By limiting the German military, not only did Germany lose a major economic asset but the country also lost a major source of pride in the form of advanced technology. This pride helped keep the country together during the war and was used to motivate individuals to join the war. This limitation in turn, led to resentment and unrest that not only created distrust between the European nations but also led to conflict in Germany. The most devastating consequence of this conflict came in the form of World War II. All in all, the decisions regarding the Treaty of Versailles led to consequences that impacted history in unexpected…

    • 865 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    World War 1 affected many people's lives in negative ways, men, women, and families had a hard time during and after the war. Men were not prepared to see the horrific sights of the War and they were affected physically and mentally. Families weren't prepared to lose their loved ones who were fighting in World War One (WW1). Women helping in the war knew what to expect as they were there to help with injuries and diseases. A lot of people's lives changed for the worse when the war was happening.…

    • 801 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    On July 28, 1914 the First World War began in Europe. It lasted three years before the United States joined the fight in April of 1917. It is no question that the few years of United States involvement were greatly impactful on American society. Additionally, the three years before American involvement were impactful on American society. The First World War, or the Great War, had a large effect on the American people and American society, specifically in fashion.…

    • 1738 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    The second World War saw the world in a different place than it had been at the time of World War I and the resulting boom of the “Roaring” twenties. The drastically different 1930s marked a time of international economic struggles, with the crash of the stock market and subsequent Great Depression in the United States creating a climate of struggle absorbed by Britain’s and most other international economies. World War II represented a time of perseverance, of true nationalism and incredible effort on the parts of virtually every caring citizen of the U.K., accompanied by a considerable financial toll on Britain’s economy, resulting in major enduring political and cultural changes across Britain, taking it into the modern age. There is no comparison for the way in which the genuine threat of the Nazis impacted the motivation behind Britain’s unity in fighting as a leading component of the Allied force during World…

    • 1476 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    There are two events that have made a significant impact in American history -The Great Depression and World War 1.The Great Depression began in 1929 and ended in 1939. The Great Depression had a major impact on the United States economy due to banks defaulting and a decrease in american jobs .The…

    • 410 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    After Hitler’s reign and defeat, the Americans did not want to fall within such a cruel society once again. World War II encouraged Americans to stay far from dictatorship; however, the war also had a negative impact on Americans. Children were separated from their parents who may have gone to war. Thousands of people were killed, leaving families fatherless, and without a source of income. While the effects of World War I were slightly more positive, the effects of World War II were negative.…

    • 522 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    In 1917, the United States of America joined WWI due to beneficial economic relations with the Allies and German advances towards the American people. In 1919, The Treaty of Versailles resolved WWI, but left Germany in tremendous debt as they had to pay all war reparations. Because Germany was struggling, the Nazis rose to power under the leadership of Hitler. Adolf Hitler became the German dictator. WWII then began as the Allies felt that the spread of fascism and undemocratic practices needed to be halted.…

    • 1486 Words
    • 6 Pages
    Improved Essays
  • Superior Essays

    Becki Wittman Dbq Essay

    • 726 Words
    • 3 Pages

    Becki Wittman Before World War I, Germany had territories all over Europe, wealth, influence, and a powerful military. They lost all of this and their dignity after the war, due to the Treaty of Versailles. Once Germany was torn down by other European countries, they were bitter and even vengeful. They had no pride or trust in their nation, until they were inspired by someone to fight for it.…

    • 726 Words
    • 3 Pages
    Superior Essays
  • Improved Essays

    Pearl Harbor Winston Churchill said “You ask what is our aim? I can answer in one word: Victory. Victory at all costs. Victory in spite of all terror. Victory however long and hard the road may be.…

    • 588 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    The Great War was a time that made history what it is today. There were so many different events that happened during this time that we will never forget. Included in these different events there were many different consequences, a lot of negative ones at that. These negative effects have really taken a toll on many of the countries that participated in this war. More than 9 million soldiers died fighting for what they believed was right.…

    • 1233 Words
    • 5 Pages
    Superior Essays