World War I cost the participating<span> countries a lot of money. Germany and Great Britain spent about 60% of the money their </span>economy<span> produced. Countries had to </span>raise taxes<span> and borrow money from their </span>citizens<span>. They also printed money in order to buy </span>weapons<span> and other things they needed for war. This led to </span>inflation<span> after the war.</span>
Besides many deaths of soldiers and people, it brought ruin and destruction to Europe, European economies collapsed, and Europe lost an entire generation of young men.
