economic effects
World War One itself cost the nations about $186, 333, 637, 000 . The US spent about 17% of the economic output on the war. Not only that but the Allies borrowed a lot from the United States which put them in debt to us. Not thinking about the consequences, most governments tried to print money to meet their needs, only causing prices to go up and putting them in a worse place than before. This only caused a bigger conflict. Today, most of the countries included paid all of their debts paid of and this doesn't affect society a lot.