Forum Eerste Wereldoorlog

[shabu]

The dollar's supremacy and the United States' global economic dominance were built on the ruins of a Europe devastated by World War I, which dramatically ended a virtual stranglehold on world power that had lasted four centuries.

The US had been the main industrial power since the end of the 19th Century -- in 1913 its per-capita GDP was nearly 30 percent higher than that of Europe's richest country, Britain.
But thanks to American isolationism Europe remained the world's banker, with all the political power that went with that position.

On the eve of war, the combined foreign investments of Britain, France and Germany were worth 10 times those of the US, according to French historian Antoine Prost.

Within just five years, the situation had been completely reversed. Europe's coffers had been bled dry by a conflict whose long duration it had not foreseen, and which had cost 50 times more than experts had predicted in 1914.


Lees verder
http://www.lankabusinessonline.com/news/how-us-supplanted-wwi-ravaged-europe-as-economic-centre/1702144314
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If any question why we died
Tell them, because our fathers lied
-Rudyard Kipling-

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