Period 6: Contemporary [1900-today]By: Vishu Kalvacherla Major WWI Economic effects
The Naval Race
Colonial Disputes
Homefront
Synthesis There were a lot of things that World War 1 impacted, one of these main things was the economy. When WWI took place, governments of different nations got rid of the capitalist economy that they had, and they took strict control of the economy and of industries in order to produce raw materials since WWI created a large demand for raw materials. WWI also introduced advanced weaponry such as the Zeppelin and the mark 1 tank. The impact that WWI had on nation's economies is similar to Peter the Great's policy of westernization. Peter the great completely renovated Russia through moving the capital from Moscow to St. Petersburg and by introducing modern science and technology to the Russian empire. He would use modern science and technology to build industries and strengthen the military. WWI managed to produce modern weaponry like the dreadnought, zeppelin, and the Mark 1 tank through their tight grip on the economy. Self Created Element:The Popplet that I created above is a bubble map of the main, big ideas of world war 1 and biggest effects that it had on other nation's economies. Citations:
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