Question

Analyse the effects of the First World War on the world economy.​

Answer 1

Specific Effects of World War 1:

The war changed the economical balance of the world, leaving European countries deep in debt and making the U.S. the leading industrial power and creditor in the world. Inflation shot up in most countries and the German economy was highly affected by having to pay for reparations.

The Great War 1914-1918 was universally destructive. The effects of these were seen in many areas, as in the destruction of human life and property, and in the political, social and economic fields. ... Lot money was spent in this war. After the Great War, the prices of articles went up.