Impact of World War I in Germany Essay Example | Topics and Well Written Essays - 1000 words

Impact of World War I in Germany - Essay Example included personalities like George Orwell, Winston Churchill, Harold Nicolson, Andrew Roberts, Horace Wilson, Herr Hitler, Signor Mussolini and Lloyd George. Important institutions and administrative portfolios were also taken into account like Foreign Office, Daily Mail, Third Reich, Conservative Party, Ministry of Information, Downing Street, British Expeditionary Force, News Chronicle, War Office, Admiralty House, House of Commons and the War Cabinet. It was pointed out that rapid development of German industry threatened the global economic dominance of Great Britain. Since Britain was a large empire, she had wider commercial and economic advantage over Germany and thus a conflict was inevitable. This argument gave Communism popularity and aided its rise. Lenin also argued that the hawkish banking and financial interests pursued by the capitalist and imperialist powers also gave the war efforts its much-needed fillip. After the WWI, Gross Domestic Product (GDP) increased for Britain, Italy, and U.S., but decreased for France, Russia, Netherlands, and the Central Powers. This misbalance throughout Europe had far-reaching impact the world over. On the other hand, this increase in the governments' share of the GDP led them to take loans from other countries. For example, Britain borrowed heavily from not only the Government of US but also from the American railways and the Wall Street. The repayment of these loans was funded by German indemnity funds and a vicious circle of loans and repayments was created. By 1931, this circle collapsed resulting in major economic crises through out the world. Germany naturally was impacted the most. (Bessel, 188-90) All these aggravated the global economic crisis. This turbulent economic scene was further aggravated by the... It was pointed out that rapid development of German industry threatened the global economic dominance of Great Britain. Since Britain was a large empire, she had wider commercial and economic advantage over Germany and thus a conflict was inevitable. This argument gave Communism popularity and aided its rise. Lenin also argued that the hawkish banking and financial interests pursued by the capitalist and imperialist powers also gave the war efforts its much-needed fillip. After the WWI, Gross Domestic Product (GDP) increased for Britain, Italy, and U.S., but decreased for France, Russia, Netherlands, and the Central Powers. This misbalance throughout Europe had far-reaching impact the world over. On the other hand, this increase in the governments’ share of the GDP led them to take loans from other countries. For example, Britain borrowed heavily from not only the Government of US but also from the American railways and the Wall Street. The repayment of these loans was funded by German indemnity funds and a vicious circle of loans and repayments was created. By 1931, this circle collapsed resulting in major economic crises through out the world. Germany naturally was impacted the most. (Bessel, 188-90) All these aggravated the global economic crisis. This turbulent economic scene was further aggravated by the conscription policy, whereby nearly all physically fit man was eligible to be put in uniforms. Of those who joined the army, many lost th eir lives and an even greater number were wounded. Work force shortage was a major problem faced by most countries.