Results of the First World War
The Great War took a heavy toll of lives. It is estimated that about ten million lives were lost and twenty million people have been wounded. People all over the world suffered untold miseries. There was a large scale damage to civil property.
It is estimated that the direct cost of the war reached just over two hundred billion dollars and the indirect cost more than a hundred and fifty billion dollars.
A large variety of deadly weapons such as incendiary bombs, grenades and poison gases were used. Tanks, submarines and aircrafts were also used.
The war wrought its havoc on the economics of the participating countries. It may be remembered that about 25 nations had joined the allies at the time of the outbreak of war. The victors felt the devastating effects of the war even before the cessation. All these nations were burdened with the national debts. The world economy was in shambles.
Germany was forced to sign the Treaty of Versailles on 28th June 1919. It was a dictated peace and Germany had by then become even too weak to protest. She lost everything. Germany and her allies suffered most since they had to pay heavy sums to the victorious allies as reparation debts.
Austria Hungary signed the Treaty of St. Germaine. Hungary signed the Treaty of Trianon with the allies in 1920. Bulgaria had accepted the Treaty of Neuliy in 1919. Turkey, which sided with Germany during the war, signed the Treaty of Sevres in 1920.