economic_effects_of_wwi.ppt - Economic Effects of WWI Economic Effects During WWI Blockades • Both Britain and Germany relied heavily on imports to

economic_effects_of_wwi.ppt - Economic Effects of WWI...

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Economic Effects of WWI
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Economic Effects During WWI - Blockades Both Britain and Germany relied heavily on imports to feed the population and supply the war industry Soon after the breakout of war, Britain started a blockade of Germany Since Britain had a superiority of naval vessels, Germany’s only chance to compete was through U- boats They used unrestricted submarine warfare to sink any ships in the area of Britain Both countries wanted to starve each other into submission
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Economic Effects During WWI - Blockades Effects of the blockade in Germany: Turnip winter of 1916-17 (a premature frost killed potatoes) Finely grained sawdust was used for flour Heating fuels were lacking Clothes were lacking 750,000 German civilians died of starvation during and after the war The blockade continued until June 1919 in order to force the Germans to sign the Versailles Treaty
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Economic Effects During WWI – U.S. Enters the War British had strongest ancestry ties to the U.S. Sold war materials and loaned money to mainly France and Britain Unrestricted submarine warfare Lusitania – 128 Americans were killed Zimmerman telegram – if Mexico were to join Germany in an alliance, they would get Texas and Arizona in return
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Deaths 9 million military deaths Allies: 5 million Central: Over 3 million 6.6 million civilian deaths 22 million wounded
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Deaths Russia 3.7 million deaths; 5 million wounded Germany 2.5 million deaths; 4.2 million wounded
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Devastation In Belgium Trapped between the trench system and a British blockade, Belgium in the fall of 1914 faced starvation. It was dependent on imports for 80 percent of its food Herbert Hoover ran the Commission for the Relief of Belgium (CRB) The CRB became, in effect, an independent republic of relief, with its own flag, navy, factories, mills and railroads Its $12 million a month budget was supplied by voluntary donations and government grants The CRB saved ten million people from starvation
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Devastation In France Land and industry was destroyed Population decreased One in five French had been mobilized 1.4 million died 750,000 disabled Few were available to work Had to reconstruct war-torn regions
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