Germany's Economy During World War I

Decent Essays
Germany’s economy had experienced terrible hardship during the war. Industrial manufacturing fell to forty percent between 1914 and 1918.1 Both Industrial and Machinery was thought to be antiquated in many cases, and run by inadequately trained people. Because millions of working men had been killed in the war. The workforce was insufficiently capable to work as hard as required because of food shortages. It is estimated that up to thirty five percent of all trade was on the Black market. The economy also suffered from shortages of raw materials. Countries had to raise taxes and obtain money from their citizens. They also printed money to buy weapons and other things they needed for war. Germany faced a sixteen-month period of hyperinflation

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