While World War I didn't directly cause the great depression of the 30s, there is no doubt that it was the catalyst.
The cost of WWI was vast for most countries as they attempted to pick up the pieces and rebuild following four years of conflict during which more industrial activity was put into the war efforts, vast amounts of casualties also created a gap in the labour force.
As countries struggled to rebuild and repay their wartime debts, times became tough with people realising that the freedoms that they had fought for during the conflict weren't quite matching up with the realities that they encountered on their return.
The cost of repaying the war debts was proving crippling for many economies which in turn affected the demand for consumer goods. When these events came to a head in 1929, it created the Wall Street Crash when fortunes were lost as reality brought the stock market to its knees. Whole businesses and industries virtually wiped out in the course of a week.
After the crash came, countries attempted to pick up the pieces with millions left unemployed and unable to feed and clothe their families due to the lack of jobs.
Within 12 years of the war ending, many of the heroes were discovering that their bravery of the battlefield and in conflict was of no use as they had mouths to feed and homes to sustain.
The cost of WWI wasn't felt immediately, but with economies suppressed and demand falling it was inevitable that a depression would follow. Although there was more than a decade between events, there is a very definite time line between the two events that confirms that if it hadn't been for WWI the depression of the 30s wouldn't have happened.
The cost of WWI was vast for most countries as they attempted to pick up the pieces and rebuild following four years of conflict during which more industrial activity was put into the war efforts, vast amounts of casualties also created a gap in the labour force.
As countries struggled to rebuild and repay their wartime debts, times became tough with people realising that the freedoms that they had fought for during the conflict weren't quite matching up with the realities that they encountered on their return.
The cost of repaying the war debts was proving crippling for many economies which in turn affected the demand for consumer goods. When these events came to a head in 1929, it created the Wall Street Crash when fortunes were lost as reality brought the stock market to its knees. Whole businesses and industries virtually wiped out in the course of a week.
After the crash came, countries attempted to pick up the pieces with millions left unemployed and unable to feed and clothe their families due to the lack of jobs.
Within 12 years of the war ending, many of the heroes were discovering that their bravery of the battlefield and in conflict was of no use as they had mouths to feed and homes to sustain.
The cost of WWI wasn't felt immediately, but with economies suppressed and demand falling it was inevitable that a depression would follow. Although there was more than a decade between events, there is a very definite time line between the two events that confirms that if it hadn't been for WWI the depression of the 30s wouldn't have happened.