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Student’s Name Professor’s Name Course Date Effects of World War I According to Barber (11), World War I is one of the most severe conflicts of the 20th century. It is estimated that over nine million soldiers succumbed to the war while many more civilians were collateral of waring allies. Russia and Germany are among the leading countries to have the highest number of casualties and life loss while countries such as Belgium and France suffered destruction of large tracts of farm and residential lands. The war zones became unusable for many years due to the hazard of the chemicals that were used during the war. Additionally, some of the grounds were riddled with unexploded bomb shells and bullets. The war played a significant role in molding the politics, economy, social and modern warfare of the 21st century. The war had extensive consequences on the economy of the participating countries and the rest of the world. However, the economic impact was gravely felt by the participating countries. Then war was expensive for countries such as Britain and Germany spent an estimated sixty percent of the wealth that they had accumulated at the time of the war. The economic toll was however not limited to the two countries since other participating countries resulted in borrowing money from their citizens and other states. In addition to borrowing money, some printed more money to purchase the much need equipment for war (Gatrell 133). The lending business was profitable to countries such as the United States. The increased debt and money printing led to effects such as inflation and the great depression. On the other hand, the activities of the war led to the
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