Until WWI the world's leading economic power was Great Britain. Her position was maintained through her empire and the world's largest and most powerful navy of the day. The United States was practising a policy of isolation and was not interested in foreign wars and at that time had little or no colonial interests. Other colonial powers at the time were France, Holland, Portugal and Germany but even combined they could not compare to the industrial, economic or military might of the British Empire. As a result of the war Great Britain was economically and militarily weakened and her colonies began campaigning and fighting for independence. This was a slow process that in some cases dragged on until the 1950s and beyond. The result of the decline of the Great Britain and her Empire as an economic power led to led to power vacuums both economically and militarily. These vacuums were filled by the USA and (at least for the period between the two world wars) Germany and Japan.
Usa due to the Treaty of Versailles
USA
After World War I, the United States emerged as the world's economic leader. The war significantly boosted the U.S. economy, transforming it into a major industrial power while European nations were left economically weakened and in debt. By the 1920s, the U.S. was dominating global trade and finance, establishing the dollar as the primary reserve currency. This shift marked the beginning of America's prominence in the global economic landscape.
Germany.
After World War I, the United States emerged as the world's leading economic power. The war had devastated many European economies, while the U.S. experienced significant industrial growth and expansion of its financial influence. This shift solidified America's position as a dominant force in global trade and finance, setting the stage for its continued leadership in the decades to follow.
Usa due to the Treaty of Versailles
Currently, the leading economic power in the EU is Germany. It is a high technology economy that exports many products world wide.
the discovery of oil
As of 2014, France's economic system is quite strong. They are one of the world's leading economic power. This is because they have agricultural, industrial and service sectors.
It was England.
England,
England,
World War 1 change economic power the right way
World War 1 change economic power the right way
World War 1 change economic power the right way
World War 1 change economic power the right way
World War 1 change economic power the right way