how did it affect the economy?
GDP increased for three Allies but decreased in France and Russia, in neutral Netherlands, and in the three main Central Powers.
World War I
Gross domestic product (GDP) increased for three Allies (Britain, Italy, and the United States), but decreased in France and Russia, in neutral Netherlands, and in the three main Central Powers. The shrinkage in GDP in Austria, Russia, France, and the Ottoman Empire ranged between 30% and 40%. In Austria, for example, most pigs were slaughtered, so at war's end there was no meat.
what is mackensen-class battlecruiser? Last class of battlecruisers built during WW1 what was the ww1? A global war originating in Europe. name a few parties involved. UNANSWERABLE
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World War I [SEP] Economic effects
The shrinkage in GDP in Austria, Russia, France, and the Ottoman Empire ranged between 30% and 40%. In Austria, for example, most pigs were slaughtered, so at war's end there was no meat. In all nations, the government's share of GDP increased, surpassing 50% in both Germany and France and nearly reaching that level in Britain. To pay for purchases in the United States, Britain cashed in its extensive investments in American railroads and then began borrowing heavily from Wall Street. President Wilson was on the verge of cutting off the loans in late 1916, but allowed a great increase in US government lending to the Allies.