To begin with, almost all the countries that participated in this war were on the verge of being put into debt. The reason for this was because of all the land and supplies they had lost and all of that amounted to a lot, almost more than they could all afford. 2 of the countries that had to pay a major amount of money were Germany and Great Britain. Germany and Great Britain had to pay 60% of their own money that was needed to help the economy, but was instead needed to pay for a lot of damage that was caused by them. An effect of all the money that was needed to pay was raising taxes in these societies . This took a major toll on the people in these societies. Many people became bankrupt and lost their houses and jobs. While this money was being raised and taken essentially from civilians, countries were in a way wasting it by spending this hard earned money on different necessities needed for war that weren’t the issue at the time. This money was definitely more needed to help the economies stay alive at this time. Because of the bad spending on money and taxes being raised and all different types of problems with the money alone, inflation was caused. Europe as a whole was so badly into debt that their economy just flat out crashed and burned, in a matter of speaking. Europe was a huge part of the Great War and a huge continent in general that this came as a big shock to the nation. They so …show more content…
Some of them more major than others depending on which countries they effected. Overall, all the countries that participated in World War 1 suffered many different horrific consequences.
BBC. Consequences. Digital image. N.p., 2014. Web. 3 May 2016.
Educational, Grolier. The Grolier Library of World War I. Vol. 8. Danbury, CT: Grolier Educational, 1997. Print.
Forbes, Steve. "The Horrid Economic Consequences of World War I." Forbes. Forbes Magazine, 2 Aug. 2014. Web. 03 May 2016.
Rosmanitz, Klaus. "English Online." Consequences of World War I. N.p., n.d. Web. 03 May 2016.
Sullivan, Nate. "Economic, Social & Political Consequences of the Great War." Study.com. N.p., 2003-2016. Web. 03 May