How much did World War I cost in financial terms what other types of costs were there?

How much did World War I cost in financial terms what other types of costs were there?

World War I killed more people (9 million combatants and 5 million civilians) and cost more money ($186 billion in direct costs and another $151 billion in indirect costs) than any previous war in history.

Why did the US become the leading economic power after ww1?

Why did the us become the leading economic power after world war 1? He believed that if the terms of the treaty weren’t punitive, but encouraged self determination, future wars might be avoided. He believed that if victors punished losers, there would be resentment in Europe and future wars could result.

How did the peace treaties both follow and violate the principle of self determination?

How did the treaties both follow and violate Woodrow Wilson’s principle of self determination? By freeing some of the colonies under German control then after they were free, putting them under control of the allies such as England and France.

Which of the following pre ww2 treaties outlawed the use of war as a vehicle for advancing a nation’s policy agenda?

The Democrats’ support for prohibition hurt their campaign in the Northeast. Which of the following pre-World War II treaties outlawed the use of war as a vehicle for advancing a nation’s policy agenda? appeasement.

What was the term used for the payment of war costs?

War reparations are compensation payments made after a war by the vanquished to the victors. They are intended to cover damage or injury inflicted during a war.

What did ww1 cost?

The total cost of World War I to the United States (was) approximately $32 billion, or 52 percent of gross national product at the time. Did World War I produce a major economic break from the past in the United States?

What were the political effects of ww1?

The First World War destroyed empires, created numerous new nation-states, encouraged independence movements in Europe’s colonies, forced the United States to become a world power and led directly to Soviet communism and the rise of Hitler.

How were both imperialism and nationalism involved in the Balkan crisis?

How were both Imperialism and Nationalism involved in the Balkan Crisis? Many wars occurred because of the Imperialism by Austria-Hungary and the Turkish Ottoman Empire. The ideas of Nationalism also spread across Europe. Great Britain had declared war on Germany during their time through Belgium.

How much did Germany pay after ww1?

The Treaty of Versailles (signed in 1919) and the 1921 London Schedule of Payments required Germany to pay 132 billion gold marks (US$33 billion [all values are contemporary, unless otherwise stated]) in reparations to cover civilian damage caused during the war.

Which of the following wars cost the most?

In constant dollars, World War II is still the most expensive of all U.S. wars, having consumed a massive 35.8% of GDP at its height and having cost $4.1 trillion in FY2011 dollars.

Which nation suffered the greatest number of casualties as a result of World War II?

In terms of total numbers, the Soviet Union bore an incredible brunt of casualties during WWII. An estimated 16,825,000 people died in the war, over 15% of its population. China also lost an astounding 20,000,000 people during the conflict.

What were the economic Costs of the Civil war?

The total direct cost of the war to the North was about 3.4 billion 1860 -dollars. The expenditure by the federal govern- ment on soldiers’ pay plus bounties and the physical machinery of war accounts for a little more than one half of this total.

How is the human cost of World War 2 measured?

Encyclopædia Britannica, Inc. See all videos for this article There can be no real statistical measurement of the human and material cost of World War II.

What was the human cost of the Civil War?

Human Costs. Despite its economic and cultural costs, the Civil War took its greatest toll with respect to human lives. No one will ever know exactly how many people lost their lives in the Civil War. Scholars estimate that about 620,000 soldiers, both Union and Confederate, died of battle wounds or disease.

What was the economic impact of the Civil War?

The Civil War demanded great economic, cultural, and human expenditures. Economic costs skyrocketed to billions of dollars for both the North and the South. The South also faced soaring inflation, nearly worthless currency, and a lack of funds as it began its long process of rebuilding.

How much money did the south spend on the Civil War?

The South spent nearly $3 billion fighting the Civil War, but it also had to deal with inflation that soared to over 9,000% by the end of the war. Confederate currency was nearly worthless, and gold, silver, and U.S. currency were in extremely short supply.