What impact did World War I have on Europe's economy?


Germany would also have to reconstruct her own economy at the same time as paying Reparations. -In addition, Germany had...

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 Russia (1914–17)
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 United States (1917–18)
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Modern history, also referred to as the modern period or the modern era, is the historiographical approach to the timeframe after the post-classical era (known as the Middle Ages). Modern history can be further broken down into the early modern period and the late modern period after the French Revolution and the Industrial Revolution. Contemporary history is the span of historic events that are immediately relevant to the present time. The modern era began approximately in the 16th century.

Some events, while not without precedent, show a new way of perceiving the world. The concept of modernity interprets the general meaning of these events and seeks explanations for major developments.

At 11:00 am GMT on 11 November 1918 (later known as Armistice Day), World War I came to an end following an armistice with Germany. During the course of 1919 and 1920 the Allied powers signed the treaties of Versailles, Saint-Germain-en-Laye, Neuilly-sur-Seine, Trianon, and Sèvres bringing the war to an official end.

The aftermath of World War I saw drastic political, cultural, 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 established, and many new and old ideologies took a firm hold in people's minds.

International relations (IR) is the study of relationships among countries, the roles of sovereign states, inter-governmental organizations (IGO), international non-governmental organizations (INGO), non-governmental organizations (NGO), and multinational corporations (MNC). International relations is an academic and a public policy field, and so can be positive and normative, because it analyzes and formulates the foreign policy of a given State. As political activity, international relations dates from the time of the Greek historian Thucydides (ca. 460–395 BC), and, in the early 20th century, became a discrete academic field (No. 5901 in the 4-digit UNESCO Nomenclature) within political science. However, International Relations is an interdisciplinary field of study.

Besides political science, the field of International Relations draws intellectual materials from the fields technology and engineering, economics, history, and international law, philosophy, geography, and social work, sociology, anthropology, and criminology, psychology and gender studies, cultural studies and culturology. The scope of International Relations comprehends globalization, state sovereignty, and international security, ecological sustainability, nuclear proliferation, and nationalism, economic development and global finance, terrorism and organized crime, human security, foreign interventionism, and human rights.

The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s. It was the longest, most widespread, and deepest depression of the 20th century.

In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. The depression originated in the U.S., after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday).

This is a history of the economy of France. For more information on historical, cultural, demographic and sociological developments in France, see the chronological era articles in the template to the right. For more information on specific political and governmental regimes in France, see the dynasty and regime articles.

The French Third Republic (French: La Troisième République, sometimes written as La IIIe République) was the republican government of France from 1870, when the Second French Empire collapsed, to 1940, when the French Third Republic's defeat by Nazi Germany resulted in its replacement by the Vichy France government in the early stages of World War II.

The early days of the Third Republic were dominated by the Franco-Prussian War, which the Republic continued to wage after the fall of the Emperor. Harsh reparations exacted by the Prussians after the war resulted in the loss of Alsace-Lorraine, social upheaval, and the establishment of the Paris Commune. Early governments of the Third Republic considered re-establishing the monarchy; however, confusion as to the nature of that monarchy, and who among the various deposed royal families would be awarded the throne, caused those talks to stall. Thus, the Third Republic, which was originally intended to be a transitional government, instead became the permanent government of France.


While the generic meaning of the terms interwar period or interbellum (Latin: inter-, "between" + bellum, "war") is "period between wars", in modern usage, they nearly always refer to the period between the end of World War I and the beginning of World War II—the period beginning with the Armistice with Germany that concluded World War I in 1918 and the following Paris Peace Conference in 1919, and ending in 1939 with the Invasion of Poland and the start of World War II.

World War I reparations were the payments and transfers of property and equipment that Germany was forced to make under the Treaty of Versailles (1919) following its defeat during World War I. Article 231 of the Treaty (the 'war guilt' clause) declared Germany and its allies responsible for all 'loss and damage' suffered by the Allies during the war and provided the basis for reparations.

In January 1921, the total sum due was decided by an Inter-Allied Reparations Commission and was set at 132 billion gold marks. However, the actual amount of reparations that Germany was obliged to pay out was not the 132 billion marks cited in 1921 but rather the 50 billion marks stipulated in the (schedules A 12 billion marks, B 38 billion). The historian Sally Marks stated the 112 billion marks in "C bonds" were entirely chimerical—a device to fool the public into thinking Germany would pay much more. The actual total payout from 1920 to 1931 (when payments were suspended indefinitely) was 20 billion German gold marks, worth about 5 billion US dollars or one billion British pounds. Of this amount, 12.5 billion was cash that came mostly from loans from New York bankers. The rest was goods like coal and chemicals, or from assets like railway equipment. The total amount of reparations was fixed in 1921 on the basis of the German capacity to pay, not on the basis of Allied claims. The highly publicized rhetoric of 1919 about paying for all the damages and all the veterans' benefits was irrelevant to the total, but it did affect how the recipients spent their share. Austria, Hungary, and Turkey were also supposed to pay some reparations but they were so impoverished that they in fact paid very little. Germany was the only country rich enough to pay anything; it owed reparations chiefly to France, Britain, Italy and Belgium; the US received $100 million.

War reparations are payments intended to cover damage or injury inflicted during a war. Generally, the term war reparations refers to money or goods changing hands, rather than such property transfers as the annexation of land.

In journalism, a human interest story is a feature story that discusses a person or people in an emotional way. It presents people and their problems, concerns, or achievements in a way that brings about interest, sympathy or motivation in the reader or viewer.

Human interest stories may be "the story behind the story" about an event, organization, or otherwise faceless historical happening, such as about the life of an individual soldier during wartime, an interview with a survivor of a natural disaster, a random act of kindness or profile of someone known for a career achievement.

A social issue (also called a social problem or a social situation) is an issue that relates to society's perception of a person's personal lives. Different cultures have different perceptions and what may be "normal" behavior in one society may be a significant social issue in another society. Social issues are distinguished from economic issues. Some issues have both social and economic aspects, such as immigration. There are also issues that don't fall into either category, such as wars.

Thomas Paine, in Rights of Man and Common Sense, addresses man's duty to "allow the same rights to others as we allow ourselves". The failure to do so causes the birth of a social issue.

Note: Varies by jurisdiction

Note: Varies by jurisdiction

Finance is the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance.

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