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The economic history of World War I covers the methods used by the First World War (1914–1918), as well as related postwar issues such as war debts and reparations. It also covers the economic mobilization of labour, industry, and agriculture leading to economic failure. It deals with economic warfare such as the blockade of Germany, and with ...
Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. The German currency had seen significant inflation during the First World War due to the way in which the German government funded its war effort through borrowing, with debts of 156 billion marks by 1918.
The Allied counteroffensive, known as the Hundred Days Offensive, began on 8 August 1918, with the Battle of Amiens. The battle involved over 400 tanks and 120,000 British, Dominion, and French troops, and by the end of its first day a gap 24 kilometres (15 mi) long had been created in the German lines.
"World War One Timeline". UK: BBC. "New Zealand and the First World War (timeline)". New Zealand Government. "Timeline: Australia in the First World War, 1914-1918". Australian War Memorial. "World War I: Declarations of War from around the Globe". Law Library of Congress. "Timeline of the First World War on 1914-1918-Online.
The identification of the causes of World War I remains a debated issue. World War I began in the Balkans on July 28, 1914, and hostilities ended on November 11, 1918, leaving 17 million dead and 25 million wounded. Moreover, the Russian Civil War can in many ways be considered a continuation of World War I, as can various other conflicts in ...
World War I[ j ] or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a global conflict between two coalitions: the Allies (or Entente) and the Central Powers. Fighting took place mainly in Europe and the Middle East, as well as in parts of Africa and the Asia-Pacific, and in Europe was characterised by ...
In addition to the issues of the government, emergency issues of both tokens and paper money, known as Kriegsgeld (war money) and Notgeld (emergency money), were produced by local authorities. [6] The Papiermark was also used in the Free City of Danzig until it was replaced by the Danzig Gulden in late 1923.
The Treaty of Versailles (signed in 1919) and the 1921 London Schedule of Payments required the Central Powers to pay 132 billion gold marks (US$33 billion at the time) in reparations to cover civilian damage caused during the war. This figure was divided into three categories of bonds: A, B, and C. Of these, Germany was required to pay towards ...