Identify the economic results of the First World War.
Answer:
- Europeans government spent huge sums of money to buy arms to fight the war.
- There was massive destruction of property such as roads, railways, schools, etc.
- It led to economic depression /inflation/starvation/ unemployment.
- Disruption of economic activities like trade and agriculture.
- The use of aircrafts and vehicles during the war eased transportation in the world.