Effects of World War 1
Comprehensive information about effects of World War
1: After World War 1 one of the effects of World War One was that Germany
faced a huge reparations bill, due to war guilt and the Treaty of
The harsh peace conditions severely hampered any
chance that Germany had of an economic rebirth, promoting a social
climate in which a nationalist policy once again flourished.
Effects of World War 1 - Currency
As an example, here is a first impression of the
situation after World War 1 finished. During the period 1922-1923, the
German currency, the Deutschsmark was valued at approximately 4.2
billion Marks against 1 US dollar.
This hyperinflation served only to increase the
domestic discord, and made rebuilding Germany a seemingly impossible
task (see also causes of WW1).
Effects of WW1 - Territories
As part of the reorganisation of Europe and holdings
after World War 1, many territories – and populations with them – were
shuffled about (see World War I summary). Austria was forbidden to make
a political connection with Germany. South Tyrol was ceded to Italy.
The former Ottoman Empire was reinvented as Turkey,
and limited to a region around Istanbul and Central Anatolia. These
limits, however, were not recognised by Turkish nationalists, who would
later extend Turkish holdings with a military victory over the Greeks in
1919 ("What started World War 1").