Coursework world war 1 what events didworld war 1 cause and what were Essay

Coursework world war 1 what events didworld war 1 cause and what were the short and long term impacts of this war - Essay Example The Germans had to lose a large piece of their lands as their colonial power was dissolved and restrictions on armed forces as well as the war machinery were imposed. The size of the troops was restricted and Germany was not allowed to have an air force. The treaty also held Germany solely guilty for the bloodshed and demanded economic compensation for the damages done during the war. As a result, Germany lost areas of Alsace and Lorraine. Part one of the treaty stated a creation of a universal body that would maintain universal peace and hence the League of Nations was born. League of Nations was formed with an aim to arbiter international disputes and to play an important role in preventing future wars. The treaty of Versailles treaty created a wave of fury and unrest in the entire Germany and played a major role in initiating World War II by lighting the fire of vengeance in the heart of Germans. The end of World War I brought an economic recession in most of the participating cou ntries. The most visible short term impact of the war was inflation of prices, which affected almost every country including America. The countries had to break away from the gold policy and started issuing currency freely, taxes were increased and unavailability of goods became a common issue. As a result, thousands of people went bankrupt and many died at the hands of poverty.