First World War impact on economic development of worldlead countries

Abstract

The article is devoted to the issue of economic development of world lead countries after the First World War. The aim of investigation is the identification of regularities of the post-conflict reconstruction of national economies of the world lead countries in the interwar period and the assessment of the dynamics of national defense financing as the indicator of international tension. The authors studies the experience in reconstruction of the European economies at the end of the First World War, in particular the main activities of the League of Nations (the world first International Organization for Security and Peace) in Germany, Hungary, Estonia, Greece and Bulgaria in the interwar period are highlighted. Considering the data of military expenditures of main military and political bloc participants on the eve of the Second World War, the number of military personnel and the volume of iron and steel production during the 1920–1938, the author examines their relation with the help of correlation and regression analysis that allows to quantify the impact of these factors on the financing the defense sector.

Keywords

• military conflicts
• post-conflict economy
• world war
• economic development