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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 ...
Government and the Economy: The World Wars Vol. 59. Independent Institute Working Paper Number, 2005. Kang, Sung Won, and Hugh Rockoff. Capitalizing Patriotism: The Liberty Loans of World War I (National Bureau of Economic Research, 2006, No. w11919) Kennedy, David M. Over Here: The First World War and American Society (Oxford University Press ...
The fighting in East Africa led to an export boom in British East Africa and an increase in the political influence of White Kenyans. In 1914, the Kenyan economy was in decline but because of emergency legislation giving white colonists control over black-owned land in 1915, exports rose from £3.35 million to £5.9 million by 1916.
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.
Africa's economy only began to take off in the early 2000s as the political situation improved, national governments began to crack down on corruption and patronage, macroeconomic growth plans aimed at improving living conditions began to be implemented, and millions of Africans continued to flock to the cities in search of jobs and other ...
According to Shank, "negative unintended consequences occur either concurrently with the war or develop as residual effects afterwards thereby impeding the economy over the longer term". [17] In 2012 the economic impact of war and violence was estimated to be eleven percent of gross world product (GWP) or 9.46 trillion dollars. [18]
The world's colonial population at the time of the First World War totaled about 560 million people, of whom 70.0% were in British domains, 10.0% in French, 8.6% in Dutch, 3.9% in Japanese, 2.2% in German, 2.1% in American, 1.6% in Portuguese, 1.2% in Belgian, and 0.5% in Italian possessions. The home domains of the colonial powers had a total ...
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 ...