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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 ...
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 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.
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 ...
Hundreds of South African servicemen, mostly black, who died during World War One have been honoured with a new memorial in Cape Town after going unrecognised for more than a century. The 1,772 ...
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.
Debates on the economic impacts of the Atlantic trade were further stimulated by the publication of Philip Curtin's The Atlantic Slave Trade: A Census (1969), which argued that 9.566 million slaves were exported from Africa through the Atlantic trade. In the 1970s, the debate on the economic impacts of the Atlantic trade increasingly turned on ...