Wwi Economic Consequences. Essay

974 words - 4 pages

As we have seen, the Industrial Revolution, was the beginning of modern globalization. Because of it, roads, machinery, railroads made the world smaller. Entire countries, sold their goods in a scale never seen before. Credit, via the banks, made possible international transactions and at the same time, the world became more interdependent.

This was an era of what some have called the first true capitalist age of globalization, which saw intensified integration and interdependence between societies. But in spite of the economical boom not everybody was euphoric because of inequality. Great surpluses were produced, but they were very unevenly distributed within societies and between societies. Was fear that some of these economics crises could produce political ones. John Maynard Keynes worried about the precarious nature of things.

On the eve on July 28 1914 when WWI started, was distemper, disenchantment and some historians argue, the First War World ended this age of prosperity that brought down the first capitalist globalization. But, this did not destroy a world some might look upon nostalgically as a high watermark of civilization. This was a situation that had been in the making for a long time, already beset by anxieties, plagued by rivalries between regimens. Nothing prepared the world for what it will go through starting in the summer of 1914.

This was the first truly global conflict in a century that the world had plunged into since the Napoleonic wars with the invasion of Egypt. From India to Argentina had the world been swept by one single conflagration. This war that started in Europe went global because was a conflict between global empires, which locked in a fratricidal conflict with each other, are going to have to mobilize riches from their colonies and dominions as well the societies at home.

This war was sparkled by a conflict in the Balkans, where the Hapsburg and Ottoman empire, with the old confrontations brought together an array of problems and situations, empire rivalry that augment the tensions between them. But, every thought that this war at the beginning of August was going to be over in matter of weeks, that, by Christmas 1914, the gentlemen that lead these old empires, Germany, France, England will reach a consensus over this situation. Besides, this was the promises the leaders had made to their societies and to whip up popular support for the war, all regimes relied on jingoism to legitimize to send troops in harms way.

The casualties as a result of this conflict were of Dantesque proportions. With a total of 65 million combatants as follows:

Russia: 15 million

Germany: 10.6 million
Germany: 10.6 million

France: 8 million

Britain: 5.25 million

The casualties were staggering:

Dead: 9 million

Wounded: 20 million

Prisoner/missing 8 million.

But not only man will be involved in the war effort, women too,...

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