The lingering effects of World War I (1914-1918) caused economic problems in many countries, as Europe struggled to pay war debts and reparations. These problems contributed to the crisis that began the Great Depression.The origins of the Great Depression were complicated and have been much debated among scholars. The initial factor was the First World War, which upset international balances of power and caused a dramatic shock to the global financial system.At the height of the Depression in 1933, 24.9% of the nation's total work force, 12,830,000 people, were unemployed. Wage income for workers who were lucky enough to have kept their jobs fell 42.5% between 1929 and 1933. It was the worst economic disaster in American history.
In what era was the Great Depression : 1929–1941. The longest and deepest downturn in the history of the United States and the modern industrial economy lasted more than a decade, beginning in 1929 and ending during World War II in 1941. “Regarding the Great Depression, … we did it. We're very sorry. …
How bad was PTSD after WW1
Psychological trauma experienced during the war had an unprecedented toll on veterans, many of whom suffered symptoms for the rest of their lives. These ranged from distressing memories that veterans found difficult to forget, to extreme episodes of catatonia and terror when reminded of their trauma.
Who suffered the most after WW1 : The outcome of WWI was the victory of the Entente (Russia left the war after the revolution that broke out in 1917, and the US joined the fight). The Alliance was defeated. Germany was the country that suffered the worst of the consequences of WWI.
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.
The First World War saw the Entente Powers, led by France, Russia, the British Empire, and later Italy (from 1915) and the United States (from 1917), defeat the Central Powers, led by the German, Austro-Hungarian, Bulgarian and Ottoman Empires. Russia withdrew from the war after the revolution in 1917.
Is a Great Depression coming
ITR Economics is projecting that the next Great Depression will begin in 2030 and last well into 2036. However, we do not expect a simple, completely downward trend throughout those years. There will be signs of slight growth that pop up during this period.Population health did not decline and indeed generally improved during the 4 years of the Great Depression, 1930–1933, with mortality decreasing for almost all ages, and life expectancy increasing by several years in males, females, whites, and nonwhites.ITR Economics is projecting that the next Great Depression will begin in 2030 and last well into 2036. However, we do not expect a simple, completely downward trend throughout those years. There will be signs of slight growth that pop up during this period.
Mobilizing the economy for world war finally cured the depression. Millions of men and women joined the armed forces, and even larger numbers went to work in well-paying defense jobs.
Was WW1 more traumatic than WWII : But though six times as many American men were screened and rejected for service in the lead-up to the World War II, military service still took its toll. About twice as many American soldiers showed symptoms of PTSD during World War II than in World War I.
What war gave the most PTSD : U.S. Veterans of Different Service Eras
| Service Era | PTSD in the Past Year | PTSD at Some Point in Life |
|---|---|---|
| Persian Gulf War (Desert Storm) | 14 out of 100 (14%) | 21 out of 100 (21%) |
| Vietnam War | 5 out of 100 (5%) | 10 out of 100 (10%) |
| World War II (WWII) and Korean War | 2 out of 100 (2%) | 3 out of 100 (3%) |
Why was WW1 bad
Losses on all fronts for the year 1914 topped five million, with a million men killed. This was a scale of violence unknown in any previous war. The cause was to be found in the lethal combination of mass armies and modern weaponry. Chief among that latter was quick-firing artillery.
The Triple Entente (also known as the Allies) lost about 6 million military personnel while the Central Powers lost about 4 million. At least 2 million died from diseases and 6 million went missing, presumed dead.World War Two lasted 6 years and it was the most expensive war in the history. Adjusted for inflation to today's dollars, the war cost over $4 trillion. The table above outline the approximate expenditures of various world nations during World War II. The U.S.A. spent the most on the war, just over 340 billion dollars.
Which country lost the most money in WW1 : Table 1: Allied Powers
| Allied Powers | Cost in Dollars in 1914-18 |
|---|---|
| Great Britain | 35,300,000,000 |
| France | 24,300,000,000 |
| Russia | 22,300,000,000 |
| Italy | 12,400,000,000 |