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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 ...
South Africa's main economic role was in the supply of two-thirds of the gold production in the British Empire (most of the remainder came from Australia). When the war began Bank of England officials worked with the government of South Africa to block any gold shipments to Germany, and force the mine owners to sell only to the Treasury, at ...
Above all, it was essential to conduct the mobilization in such a way that the short term confidence of the people was maintained, the long-term power of the political establishment was upheld, and the long-term economic health of the nation was preserved. [2] For more details on economics see Economic history of World War I.
When news of the outbreak of war reached European colonialists in Africa, it was met by little of the enthusiasm seen in the capital cities of the states which maintained colonies. [5] An editorial in the East African Standard on 22 August argued that Europeans in Africa should not fight each other but instead collaborate to maintain the ...
Other important long-term or structural factors that are often studied include unresolved territorial disputes, the perceived breakdown of the European balance of power, [5] [6] convoluted and fragmented governance, arms races and security dilemmas, [7] [8] a cult of the offensive, [5] [9] [8] and military planning.
After 1900, there was a series of wars in the Balkan region, which exploded out of control into World War I (1914–1918) — a massively devastating event that was unexpected in its timing, duration, casualties, and long-term impact.
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. After the war ended, the global economy began to ...
The implementation of the Dawes Plan also saw a positive economic impact in Europe, largely funded by American loans. [74] Under the Dawes Plan, Germany always met her obligations. [75] However, German long-term goals remained the same despite the apparent reconciliation: the revision of the Treaty of Versailles to end reparations.