World War 1 Economic Consequences

World War I, also known as the Great War, began in Europe. Germany and Austria-Hungary started the war against Serbia. Eventually both sides involved their allied countries for help, increasing the size of this war. All of these countries were going to face consequences that happen from every war. Some countries were hurt worse than others. With all these countries involved in the war many treaties were created to keep the peace and numerous countries’ economies suffered. World War I led to consequences including economic consequences, the creation of peace treaties, and the creation of the League of Nations. Whenever there is a war, it generally follows with economic consequences for those involved. In 1918, there were protests occurring in Berlin about the effects of war on the population and this decrease in population occurred from financial problems in Germany, from the expenses of war and British blockades of German ports were causing them to starve (“World War One - End of the War”). This

Germany’s economy had begun suffering before the Treaty of Versailles was created. Once this treaty went into effect, being passed by the reluctant United States (who wanted peace), the German economy tanked further. The United States did not only cause consequences for others, but also had consequences of their own to face. The United States economy blossomed as the immediate result of World War I, allowing for more jobs with better wages and increased the production of goods. Eventually the United States economy takes a turn from loans not being repaid, contributing to the start of the Great Depression later on. The League of Nations was a creation by Woodrow Wilson to prevent another great war from occurring after the devastation of this one. The consequences of World War I caused great trouble for the world, whether these effects occurred as an immediate effect or a ripple effect in later