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The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000 (1987) pp 256–74; Mendershausen, Horst. The Economics of War (1940) online; Smith, Andrew, Simon Mollan, and Kevin D. Tennent, eds. The impact of the First World War on international business (Routledge, 2016). Strachan, Hew.
The aftermath of World War I saw far-reaching and wide-ranging cultural, economic, and social change across Europe, Asia, Africa, and even in areas outside those that were directly involved. Four empires collapsed due to the war, old countries were abolished, new ones were formed, boundaries were redrawn, international organizations were ...
Howard, N.P. "The Social and Political Consequences of the Allied Food Blockade of Germany, 1918–19," German History (1993) 11#2 pp 161–88 online; Kann, Robert A. et al., eds. The Habsburg Empire in World War I: Essays on the Intellectual, Military, Political and Economic Aspects of the Habsburg War Effort (1977) online borrowing copy ...
Macro- and micro-economic consequences devolved from the war. Families were altered by the departure of many men. With the death or absence of the primary wage earner, women were forced into the workforce in unprecedented numbers. At the same time, the industry needed to replace the lost labourers sent to war.
The effects on the labor market were most striking in 1920, when the civilian labor force increased by 1.6 million people, or 4.1%, in a single year. (Though smaller than the numbers in post–World War II demobilization in 1946 and 1947, this is otherwise the largest documented one-year labor force increase.) [ 2 ] In the early 1920s, both ...
The debt problem was exacerbated by printing money without any economic resources to back it. [1] John Maynard Keynes characterised the inflationary policies of various wartime governments in his 1919 book The Economic Consequences of the Peace as follows: The inflationism of the currency systems of Europe has proceeded to extraordinary lengths.
Evans says the economic problems that arose were a result of the inflation of 1923, which lay with the German government rather than reparations. [153] According to Slavieck, the "traditional interpretation of the treaty's impact on Germany" was that it "plunged the nation into an economic free fall". [154]
The post–World War I recession was an economic recession that hit much of the world in the aftermath of World War I.In many nations, especially in North America, economic growth continued and even accelerated during World War I as nations mobilized their economies to fight the war in Europe.