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

  • Improved Essays

    During 1914, a first global world centered in Europe started. People often called this war as the Great War or World War I. World War I was a time of struggle for Europe. Many factors led to great tension in Europe, sparking the need for a war. The war was mainly fought between members of the Triple Alliance (Germany, Austria-Hungary, and Italy) and the members of The Triple Entente (Great Britain, France, and Russia).…

    • 1070 Words
    • 5 Pages
    Improved Essays
  • 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
  • Superior Essays

    Although many Americans stood against the Treaty of Versailles, therefore supporting the World War, several other Americans stood by ratification of the Treaty and the end to a long, violent war. First, men in opposition to Wilson’s entry into the war, such as Hoover, believed that war was an unnecessary evil that was prohibiting the United States from prospering economically. In Herbert Hoover to Woodrow Wilson, November 19, 1919 (document 3) Hoover believes that it is necessary to continue trade with Europe in order to flourish. Therefore, a quick end to the war is important to help boost trade with Europe once again.…

    • 1548 Words
    • 7 Pages
    Superior Essays
  • Decent Essays

    World War 1 Dbq Essay

    • 483 Words
    • 2 Pages

    World War 1 impacted the world Politically, culturaly, and economiaclly. Many people were killed and countries were devastated. Each of the 9 documents clearly describe the various impacts anxiety had on the war. Documents 1 and 3 discuss the cultural impacts of the war and are against violence. Documents 2 and 8 discuss the economic transformations throughout the war and its results.…

    • 483 Words
    • 2 Pages
    Decent 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

    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
  • Improved Essays

    Did you know that within the first day of the battle at Somme over 57 thousand Britons died? This was only one small battle that occurred during World War One and only a small fractions of the lives lost in the war. World War 1 was a battle between the allies: Russia, France, Great Britain and the U.S. and the Central Power: Germany, Austria-Hungary, and Italy that started in 1914. The war lasted four long years. There were many events that are thought of as being the cause of the war.…

    • 474 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Ww1 Dbq

    • 544 Words
    • 3 Pages

    World war one was one of the most impactful wars in history. WW1 was caused by multiple different events that occurred during the time period. Events that shaped the world as we know it today. Of these, imperialism was the most important. In documents E and F the topic is discussed.…

    • 544 Words
    • 3 Pages
    Improved 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

    What impact did World War I and II have upon American government, economy, and society? How did attitudes towards what the government should/should not do change as a result of the wartime experience? How was American society and the economy (including race relations) transformed by the wartime experience? [Remember that the experience of WWI & WWII may not be the same in every case so be sure to note which war had the impact you are describing.] At the start of World War I, President Wilson stuck to his path of neutrality, despite some Americans wanted to participate in WW1.…

    • 529 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Fighting in the First World War was very beneficial to the United States as a nation. It led to a boom in the american economy, a stronger military, and more worldwide recognition. World War One led the United States another step toward being the super-power it is today. The most prominent and obvious way that World War One benefited the United States was it caused a boom in american economy.…

    • 423 Words
    • 2 Pages
    Improved 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

    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
  • Improved Essays

    Source E suggests that both world wars were total wars, but the Second World War had a greater impact on civilian life through affecting the economy. Andrew Marr suggests that World War 2 civilians were affected in some way or another, whether it is through work, rationing or food shortages. Marr also mentions the importance of air raid bombardments though the use of fire fighters and air raid wardens. The accuracy of this source is confirmed by the fact that the war offered major job opportunities for women.…

    • 728 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Al Schultz 6.8.17 Social 8 Per.1 Final Exam 2017 During the World War era the U.S. went through quite a bit of change from a booming decade to our worst stock crash to date but through it all the U.S. has prevailed multiple times to become the economic Superpower it is. The war never touched our home front but we still felt the effects of it through the surge of jobs and the people in them that fought the toughest battle for that time; making the necessary items for warfare. The surge in jobs also helped the economy by people being needed therefore families had money and the U.S. was rolling again.…

    • 244 Words
    • 1 Pages
    Decent Essays