Results of World War I
Political U.S. emerged as a leading world power Dethroned 3 major European dynasties Hehenzollerns in Germany Hapsburgs in Austro-Hungary Romanous in Russia New nation states in central Europe Poland, Czechoslovakia, Yugoslavia, Austria, Hungary, Estonia, Latvia, Lithuania, and Finland
Political League of Nations- settle disputes/keep peace Rise of fascist dictatorships in Germany and Italy Russian Revolution and rise of Communism
Social 10 million soldiers killed 20 million wounded Millions of civilians died A whole generation of the male population gone France lost 1 of 5 men between the ages of 20-44
Economic Cost of war- $350 billion U.S. lent allies $10 billion Heavy taxation and lower standard of living in Europe to pay for the war International trade suffered due to tariffs Every major European country was bankrupt Belgium/France lay in ruin- cities/farms- most of fighting was on Western front
Economic U.S. became the world ’ s banker Before WWI Europe controlled most of the world ’ s power and wealth- War changed that U.S. and Japan took over European markets British- 40% of her trading ships were destroyed