Political and Economic Effects of world war one
Answers
The Political Impact of World War I
- Russian Revolution of 1917.
- German Revolution of 1918-1919
The Economic Impact of World War I
- economic depression.
-World War 1 Changed the landscape of the world
-WW1 resulted in the Russian Revolution which kickstarted Communist rule
-WW1 resulted in the abdication of Kaiser which led to the formation of Weimar Republic
-Ottoman Empire was formally dissolved with Turkey taken up by Ataturk.Upper Middle East shared by France and Britain by Sykes-Picot agreement
-Large swaths of Arabian Peninsula came into the control of Saud family who founded Saudi Arabia,Eastern coast of peninsula was controlled by Britain through Trucial States
-WW1 crippled European Economy by depleting resources and destruction
-USA who were mostly unaffected and profited by war,gave out loans uncontrollably to Europeans thereby becoming the Global Creditor