The economic results of the first world war were as follows :
1.Economic Destruction : This war ended on 11 November 1918. In this war, 1,00,000 crore pounds were spent directly and the indirect loss was uncountable.
2. Mass Destruction : In this 4 years war, 80 Lakh people died and 2 crore people were wounded. It proved that this war was a devastating war. Seven thousand people died every day in this period due to massacre, hunger, disease and France was largely destroyed.
3. War Loan : In 1914, the public debt of both parties was 8 thousand crores and in 1918 it increased by 5 times to 40 thousand crores. Overall property worth 13 thousand 200 crore was destroyed in the war. With the increase in the rate of labour, production decreased. The price of the currency started decreasing and the risk in the trade business grew manifold.
4. The Destruction of Trade : Now every nation was trying to buy the least goods from other countries and sell more goods to them. After the war, the United States, Japan and Latin countries entered those markets which were previously in the hands of Britain and Germany. America became the world’s leading lender.
5. Inflation of Money : All states issued huge amount of paper currency to repay loans to meet their increased expenditure. This inflation wiped away savings and resulted in an economic crisis.
