One thing the Germans were not happy in the treaty of Versailles is the War Guilt Clause, take blame for the war. Because of this they had to the reparation to the big three. The German government didn’t have the money to pay for the reparation as the country just lost a war and the factory are destroy and the environment is in a poor state. So then the USA banks lend Germany government loans. Its was all going well as Germany was getting in a better state and they are paying their reparation until 1929.
On the other hand, the anguished effects of WWI were still enduring in the Germanic collective memory. Many Germans perceived The Versailles Treaty, signed by the Allies in 1919, as a humiliation. The treaty contained a number of heavy impositions to Germany which were socio-economically unbearable to a once great and powerfu l nation. The amount that had to be paid to the Allies as war damage 2 made the Mark lost all its value, causing a hyperinflation so severe that the prices increased by over 100 times in just one year (Bresciani -Turroni, 1968.). The hyperinflation crisis, which was only solved in 1924, lasted enough time to ruin thousands of Germanic families, thus worsening the general feeling of rage against the treaty.
Assess the impact of the First World War from 1915-1920 Before World War 1 Italy was weak they faced many problems from a weak political system to a lack in financial and industrial wealth which lead to them being in a lot of debt and they also had no military power. In my eyes this shows that even before the war they were struggling and when WW1 started the impact of the war just created more problems and more debt which made things in Italy even worse. Italy's performance during WW1 was to have a great impact on the country and left it to struggle more than before the war. By 1915 it was becoming increasingly apparent to the liberal government that joining the war was going to be necessary. For Italy the most obvious allies would be the Austria-Hungary and Germany as they formed a triple alliance in 1911.
The extent of unity within Italy varied immensely between 1896 and 1914, for example in the late 1890’s the North-South divide was undeniable and acted as the socio-economic and political split that separated the country entirely and questioned any possible solidarity within Italy. Unfortunately Italy’s government was equally unstable during this time which is evident as she had 20 different Prime Ministers leading the country between 1896 and 1914; this suggested that no successful decisions could be made. Although, in 1903 this changed with the introduction of Giovanni Giolitti who brought in many reforms that made the Liberal institutions far more secure through changes such as the introduction of real wages which in turn boosted the economy. Personally, I feel that despite Italy’s political and economic growth between 1896 and 1914 the extent of the unification remained questionable, therefore in the following essay I will be examining the key features of this time period to come to a reliable conclusion. Italy was not a democracy in 1896 so the right to vote was held only by the rich due to the parliament being dominated by wealthy landowners, businessmen and professional classes; this resulted in the masses having no say in the Italian government and suggested a low level of equality which consequently led to mass levels of unrest.
How far was the impact of World War One the crucial factor in the fall of the Romanovs in February 1917. This essay will argue that the impact of World War One was a very crucial factor in the fall of the Romanovs in February 1917. The events in the Revolutions of 1905 and 1917 also show that Nicolas II was not a good leader and these events led to the fall of the Romanovs. World War One caused many problems for the Government, the army and the people at home. Having a war caused inflation, government spending rose from 4-30 million, taxation increased, and money became practically worthless and the price of food and fuel quadrupled.
To go along with the 4,400 Americans that wont be coming home to their families, there were over 32,000 Americans wounded in this war. So was this $4 trillion dollar war really wort our time and the lives it cost us? I say no, I feel we spent far too long helping a country that wanted nothing but for us to leave their country for years. We have cost too many lives, and have changed too many lives with injuries to justify a war where we simply just pull out. The results did not justify the losses America took, including how negative our image has become over the years, the financial hole we dug ourselves into, and the way we've affected Americans for the
John majors government came into office after the downfall of Margret Thatcher, which ultimately created divisions within the party. Not only did the party suffer from the internal conflict but also faced the problems of the recession after the ‘Lawson boom’. In order to stabilise the economy he joined the ERM getting a good deal but ultimately resulting in ‘black Wednesday’ causing Major to raise interest rates to 15%. This was political suicide and he soon lost the support of the press we had once relied so much on to get re-elected in 1992. The housing market also plummeted leading to negative equity, which the majority of the working class could not afford resulting in the repossession of their houses combined with the drastic increase in unemployment Britain was in a mess.
Violence was building up in Russia but the news of Russia going to war united the people, as evident “never during the twenty years of his reign had the emperor been so popular as that moment”. A great number of Russian’s were asking the questions ‘was Russia ready for war in 1914?’ as Russia took over Austrian land and suffered heavy defeats by the Germans. There was a standing army of 1 423 000 with the large amount of peple it was nicknamed the “the Russian steamroller”. There was 3 100 000 men in the reserves and 10 million in the militia. Within a year most of the soldiers were out of it.
True, during the time of the war, and for about ten years post-war, the US economy soared to all time highs. But shortly after, when the costs of the war had kicked in and the debts came rolling in, what followed was the greatest depression America had ever faced. People lived in “Hoovervilles”, thirteen million people became unemployed, the income of an average American family decreased by 40%, there was more emigration than immigration, racial tensions ran high, etc. These are just some of the consequences of the Great Depression, part of which was caused by the debt of a war that America could have avoided, thus avoiding such a hard blow by the Depression. Had America stayed out of the war, the economy might have not been affected as seriously as it was by the Great
The French ended up defeating Great Britain and leaving them highly in debt due to the war. BOOK( 481) states “The British have a national debt of 130 million pounds. This is double the national debt of 1754. The cost of administering the colonies jumped from 70,000 to 350,000. The British are already paying nearly 40 percent of their income in taxes.