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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 ...
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 hyperinflation drew significant interest, as many of the dramatic and unusual economic behaviors now associated with hyperinflation were first documented systematically: exponential increases in prices and interest rates, redenomination of the currency, consumer flight from cash to hard assets and the rapid expansion of industries that ...
Overall, the war had a significantly negative impact on the Australian economy. Real aggregate Gross Domestic Product (GDP) declined by 9.5 percent over the period 1914 to 1920, while the mobilization of personnel resulted in a six percent decline in civilian employment. Meanwhile, although population growth continued during the war years, it ...
The European liquidation of American securities in 1914 (also called the financial crisis of 1914) was the selloff of about $3 billion (equivalent to $91.26 billion in 2023) of foreign portfolio investments at the start of World War I, taking place at the same time as the broader July Crisis of 1914.
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 ...
After a relatively slow start in mobilizing the economy and labor force, by spring 1918, the nation was poised to play a role in the conflict. Under the leadership of President Woodrow Wilson, the war represented the climax of the Progressive Era as it sought to bring reform and democracy to the world. There was substantial public opposition to ...