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Kisachek [45]
3 years ago
6

How did World War 1 and the Treaty of Versailles affect economies around the world?

History
2 answers:
boyakko [2]3 years ago
6 0
Well it opened trade back up in France. That is what I was told but online research may say differently.
pogonyaev3 years ago
4 0
The Treaty of Versailles forced Germany to pay all the reparations from WW1, which diminished their economy. They were able to pay for the 1st year, but by the 2nd year, their economy had dropped so low that they could not afford to pay again. The US then came up with the Dawes Plan to help support Germany's economy by allowing them a $200 million loan to repair themselves, as well as pay the reparations in small increments at a time. Soon after, the Great Depression came and pretty much almost all European economies dropped, perhaps except for the Scandinavian countries.
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The phrase “standing on the shoulders of giants” refers to people who make some advancement in knowledge thanks to the work of previous scholars. In this case, the addition of the word “pygmy,” which refers to very small humans, implied that Medieval advancements were very limited when compared to the advancements of the <em>Classical period</em>.


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