World War I resulted in staggering economic losses, estimated at around $337 billion in direct costs and even higher when considering indirect impacts. Major economies like Germany, France, and the UK faced extensive destruction of infrastructure, loss of workforce, and crippling war debts. Additionally, many countries experienced inflation and economic instability in the post-war period, further complicating recovery efforts. The war also disrupted global trade and agriculture, leading to long-term economic consequences.
overextension of resources
An economic indicator which declined during the war was unemployment.
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World War 2 caused sustained economic growth.
Economic Causes of World War OneOne Ecinomical cause of WWI is land, everyone WANTED LAND!
Russia suffered the biggest losses during WW1.
Russia.
The Allied powers took heavy losses on the Gallipoli Peninsula during WWI.
RuSsIa
Russia.
Positive
Improved NCO training
Improved NCO training
Russia suffered the greatest loss of life during World War I. There were thousands of casualties on all sides suffered during the war.
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scarcity
L. Brewster. Smith has written: 'The economic position of Argentina during the war' -- subject(s): World War, 1914-1918, Economic aspects of World War, 1914-1918, Economic conditions