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Franz Joseph I [1] − Emperor of Austria and Apostolic King of Hungary (1848–1916); Karl I [2] − Emperor of Austria and Apostolic King of Hungary (1916–1918), Previously commanded Army Group Archduke Karl in 1916, Supreme Commander of the Austro-Hungarian Army (1917–1918)
The Allies or the Entente was an international military coalition of countries led by France, the United Kingdom, Russia, the United States, Italy, and Japan against the Central Powers of Germany, Austria-Hungary, the Ottoman Empire, and Bulgaria in World War I (1914–1918).
The Central Powers' origin was the alliance of Germany and Austria-Hungary in 1879. Despite having nominally joined the Triple Alliance before, Italy did not take part in World War I on the side of the Central Powers and later joined on the side of the Allied Powers. The Ottoman Empire and Bulgaria did not join until after World War I had begun.
World War I – major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918. It involved all the world's great powers , [ 1 ] which were assembled in two opposing alliances: the Allies (centred on the Triple Entente of Britain , France and Russia ) and the Central Powers (originally centred on the Triple Alliance of ...
Even though there is a belief that the inequality among the German population only increased during WW1, a number of studies have shown the opposite. It was proved that the income of the majority of the enterprises declined proportionally to the loss in the real wage. Moreover, the international corporate profits (e.g. in the UK) of that time ...
The total direct cost of the war as a percent of wartime national income: Allies: Britain, 37%; France, 26%; Italy, 19%; Russia, 24%; United States, 16%. Central Powers: Austria-Hungary, 24%; Germany, 32%; Turkey unknown. The amounts listed below are presented in terms of 1913 US dollars, where $1 billion then equals about $25 billion in 2017. [5]
The major "Allies" grouping included Great Britain and its empire, France, Russia (until 1917), Italy (from 1915) and the United States (from 1917). Opposing the Allies, the major Central Powers included Germany, Austria-Hungary, the Ottoman Empire (Turkey) and Bulgaria. Other countries (Belgium and Japan, for example) also joined the Allies.
Following their defeat in World War I, the Central Powers agreed to pay war reparations to the Allied Powers. Each defeated power was required to make payments in either cash or kind. Because of the financial situation in Austria, Hungary, and Turkey after the war, few to no reparations were paid and the requirements for reparations were cancelled.