Interwar - Essay Example

Download file to see previous pages... Everybody concentrated on war, which subsequently bred mistrust among countries thereby paralyzing conducive relationships for business. Such precarious times discouraged effective economic activities resulting in a number of world economic disasters. One such disaster was the Great Depression; countries had concentrated all their efforts on the war. Countries had spent billions of dollars purchasing firearms and in the training soldiers, nobody at such times considered the economic repercussions of the exorbitant military spending that the world’s major economies such as the United States of American and the Soviet Union had undertaken. It is only after the war that the countries realized that they had spent more on military at the expense of other sectors of the economy. Furthermore, the war had bred unfriendly relationship between the countries. The regional alignment of countries resulted in the East locking themselves away from the Wets thereby curtailing all business relationships between the countries. ...
“Before the war, while most European countries had acquired the constitutional governing systems of some kind, many of these were actually far from being actual democracies” (Martin 312).This implied that the countries had weaker economies and could not possibly afford the cost of the war. However, their participation on the war were inevitable and most countries invested larger amounts of both financial and human resources on the war at the expense of the economy. Combining the political instability of such countries to the implications of the war therefore resulted in a chaotic and unsustainable economic system thereby resulting in the great depression. The First World War lasted for three years a period within which minimal economic activity took place. The world took place in several battlegrounds such as Japan, Italy and Germany and in a number of countries within the Soviet Union. During the wars, such regions therefore became inaccessible and unconducive for any economic activity such as either agriculture or trade. Furthermore, the concern of most governments was on how to save the civilians some of who were dying from the effects of the war and hunger. Three years without a reliable economic activity was likely to bear serious consequences on the countries including those not directly affected by the war. Countries therefore resorted to radical economic policies in the period preceding the war in an attempt to uplift their dwindling economies. The USSR for example implemented a five year plan through which it sought to revamp its economic power and in so doing alleviate the living standards of its people. “The party ...Download file to see next pagesRead More