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World War I, also known as the Great War, began in 1914 after the assassination of Archduke Franz Ferdinand of Austria. His murder catapulted into a war across Europe that lasted until 1918.

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Some of the events that happened during WWI was that Archduke Francis Ferdinand is assassinated, Austria-Hungary declares war on Serbia, Germany invading Luxembourg and the invasion of Russia by Belgium, Austria-Hungary, and many more.

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Czar Nicholas II of Russia, Kaiser Wilhelm of Germany, Emperor Charles of Austria and the sultan of the Ottoman Empire were abolished.

Civilians lost land and fled to other countries.

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World war I was a global war where it mainly took place in Europe. It took place in the western front, southeast Europe and in the middle east.

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During the conflict, Germany, Austria-Hungary, Bulgaria, the Ottoman Empire, Great Britain (all of Britain's colonies), France, Russia, Italy, Romania, Portugal, Japan, the US, Cuba, Panama, Greece, Siam, Liberia, China, Brazil, Guatemala, Nicaragua, Costa Rica, Haiti, Honduras were all part of this conflict.

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What were the impacts on the economy after the war ended?

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What were the impacts on the economy after the war ended?

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There was inflammation. Countries like Germany and Great Britain had to spend 60% of the money they produced. They raised taxes, borrowed money from citizens, and even printed money to purchase weapons.