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The post–World War I recession was an economic recession that hit much of the world in the aftermath of World War I. In many nations, especially in North America, economic growth continued and even accelerated during World War I as nations mobilized their economies to fight the war in Europe. After the war ended, the global economy began to ...
The aftermath of World War I saw far-reaching and wide-ranging cultural, economic, and social change across Europe, Asia, Africa, and even in areas outside those that were directly involved. Four empires collapsed due to the war, old countries were abolished, new ones were formed, boundaries were redrawn, international organizations were ...
Austria-Hungary was geographically the second-largest country in Europe after the Russian Empire, at 621,538 km 2 (239,977 sq mi), [80] and the third-most populous (after Russia and the German Empire). In comparison with Germany and Britain, the Austro-Hungarian economy lagged behind considerably, as sustained modernization had begun much later ...
The famine resulted from the combined effects of severe drought, [1] the continued effects of World War I, economic disturbance from the Russian Revolution, the Russian Civil War, and failures in the government policy of war communism (especially prodrazvyorstka). It was exacerbated by rail systems that could not distribute food efficiently.
After 1918, most of the cemeteries at the front were located outside Soviet territory, making them inaccessible to the families of those killed: from 1919, for example, the German War Graves Commission took charge of maintaining the German and Russian graves in the Baranavitchy region. [182]
The aftermath of the First World War in Italy resulted in great levels of unemployment and an economic crisis. For example, by the end of 1920, the Italian lira was worth only one-quarter of its 1914 value and in the first half of 1921, the cost of living for an average working-class family was 560% higher than it had been in 1914. [ 11 ]
The price of a butter slab has spiked 26% since December, reflecting how inflation is unraveling for the average Russian in Vladimir Putin's war economy. The great Russian butter robbery—and ...
Before World War II, the events of 1914–1918 were generally known as the Great War or simply the World War. [1] In August 1914, the magazine The Independent wrote "This is the Great War. It names itself". [2] In October 1914, the Canadian magazine Maclean's similarly wrote, "Some wars name themselves. This is the Great War."