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Global Economy post-WW1:
Inflation
Many European countries found themselves in billions of dollars of debt after the war. In total, the war cost $337 billion. In an effort to pay back the countries they owed money to, some countries started to print more and more money, which greatly backfired on them, causing huge amounts of inflation, called hyperinflation. Germany is a prime example of hyperinflation post-WW1, as they had massive amounts of reparations to pay under the Treaty of Versailles. They attempted to print more money to do this, which made their currency virtually worthless. This left Germany's economy in a terrible state.
How it changed the world:
Inflation
Many European countries found themselves in billions of dollars of debt after the war. In total, the war cost $337 billion. In an effort to pay back the countries they owed money to, some countries started to print more and more money, which greatly backfired on them, causing huge amounts of inflation, called hyperinflation. Germany is a prime example of hyperinflation post-WW1, as they had massive amounts of reparations to pay under the Treaty of Versailles. They attempted to print more money to do this, which made their currency virtually worthless. This left Germany's economy in a terrible state.
How it changed the world: