The In Terwar Economy

The In Terwar Economy World War I (WWI or WW1), also known as the First World War or the Great War, was a global war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918. More than 9 million combatants and 7 million civilians died as a result of the war, a casualty rate exacerbated by the belligerents' technological and industrial sophistication, and tactical stalemate. It was one of the deadliest conflicts in history, paving the way for major political changes, including revolutions in many of the nations involved.The war drew in all the world’s economic great powers, assembled in two opposing alliances: the Allies (based on the Triple Entente of the United Kingdom/British Empire, France and the Russian Empire) and the Central Powers of Germany and Austria-Hungary. Although Italy had also been a member of the Triple Alliance alongside Germany and Austria-Hungary, it did not join the Central Powers, as Austria-Hungary had taken the offensive against the terms of the alliance.These alliances were reorganised and expanded as more nations entered the war: Italy, Japan and the United States joined the Allies, and the Ottoman Empire and Bulgaria the Central Powers. More than 70 million military personnel, including 60 million Europeans, were mobilised in one of the largest wars in history.The trigger for the war was the assassination of Archduke Franz Ferdinand of Austria, heir to the throne of Austria-Hungary, by Yugoslav nationalist Gavrilo Princip in Sarajevo on 28 June 1914 . This set off a diplomatic crisis when Austria-Hungary delivered an ultimatum to the Kingdom of Serbia,and entangled international alliances formed over the previous decades were invoked. Within weeks, the major powers were at war and the conflict soon spread around the world. Subscribe To Our Channel For More Educational Videos https://goo.gl/n58OXc