World War I
World War I
World War I was the result of leaders' aggression towards other countries, which was supported by the rising
nationalism of the European nations. Economic and imperial competition and fear of war prompted military
alliances and an arms race, which further escalated the tension contributing to the outbreak of war. On the
European continent there were chiefly five raising great powers. On one side France, Britain, and Russia and
on the other were …
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…Members of the middle class who had been living reasonably comfortably on investments began to experience a
rocky financial period. Germany was hit the hardest in terms of struggling with war reparations, and inflation
drastically lowered the value of the German mark. In a period of no more than three months in 1923, the
German mark jumped from 4.6 million marks to the dollar to 4.2 trillion marks to the dollar. It appeared that
Inflation knew no bounds.
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