Economic History Of Europe

Q The First world war represents a turning-point in the economic history of Europe. Discuss.

Industrialization shaped the great powers of Great Britain, France, Germany, the United States, Russia, and Japan. Competition for resources coupled with nationalism and an unstable balance-of-power constitution created the international tension, which resulted in the First World War. World War I also called the First World War brought a turning point in history of European economy. In Britain they attained the highest degree of mobilization--the government was sucking up more than one-third of national product (plus the time of conscripted soldiers) for the war ...