impact of world war 1
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Specific Effects of World War 1:
WW1 caused the downfall of four monarchies: Germany, Turkey, Austria-Hungary and Russia. The war made people more open to other ideologies, such as the Bolsheviks that came to power in Russia and fascism that triumphed in Italy and even later in Germany.
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world war 1 effects Germany, Russia and Australia most
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
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