Question

how did economic and political situation get affected by 1 world war

Answer 1

World War I summary: The war fought between July 28, 1914, and November 11, 1918, was known at the time as the Great War, the War to End War, and (in the United States) the European War. Only when the world went to war again in the 1930s and ’40s did the earlier conflict become known as the First World War. Its casualty totals were unprecedented, soaring into the millions. World War I is known for the extensive system of trenches from which men of both sides fought. Lethal new technologies were unleashed, and for the first time a major war was fought not only on land and on sea but below the sea and in the skies as well. The two sides were known as the Allies or Entente—consisting primarily of France, Great Britain, Italy, Russia, and later the United States—and the Central Powers, primarily comprised of Austria-Hungary (the Habsburg Empire), Germany, and the Ottoman Empire (Turkey). A number of smaller nations aligned themselves with one side or the other. In the Pacific Japan, seeing a chance to seize German colonies, threw in with the Allies. The Allies were the victors, as the entry of the United States into the war in 1917 added an additional weight of men and materiel the Central Powers could not hope to match.