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Until It's Over, Over There: The US Economy in World War I in Stephen Broadberry and Mark Harrison, eds., The Economics of World War I (2005) ch 10; also (National Bureau of Economic Research, 2004, No. w10580) Paxson, Frederic L. America at War 1917–1918. American Democracy and the World War volume 2 (1936) Schaffer, Ronald.
The Russian Empire 's entry into World War I unfolded gradually in the days leading up to July 28, 1914. The sequence of events began with Austria-Hungary 's declaration of war on Serbia, a Russian ally. In response, Russia issued an ultimatum to Vienna via Saint Petersburg, warning Austria-Hungary against attacking Serbia.
In the 18th century, Russian national income per capita was about 40–70% of British per capita income but higher than Poland's. [1] By 1860, Russian GDP per capita was similar to that of Japan; one-third of GDP per capita in the United States or the United Kingdom; and twice that of China or India. [1] Russia was a late industrializer. [1]
China. China represented 1.61% of the world's economy in 1987 (lowest point), rising to 18.4% (nominal) and 19% (PPP) in 2022. It accounted for 25.4% of global GDP in 1 CE, 29% of world global output in 1600 CE, 17.3% of the world's economy in 1870, and 33% in 1820 (its highest point). China's share of global GDP varied from a quarter to a ...
Steady economic growth began in the 1890s, alongside a structural transformation of the Russian economy. [2] By the time World War I started, more than half the Russian economy was still devoted to agriculture. [2] By the early 20th century, the Russian economy had fallen further behind the American and British economies. [2]
According to the World Bank, imports of goods and services occupied 21.3% of the Russian gross domestic product (GDP) in 2021 [ 303] and exports of goods and services occupied 30.9% of Russia's GDP. [ 304] Russia has trade-to-GDP ratio (trade openness) 49.26% [ 305] which is lower than an average of the countries.
The Allies, the Entente or the Triple Entente was an international military coalition of countries led by France, the United Kingdom, Russia, the United States, Italy, and Japan against the Central Powers of Germany, Austria-Hungary, the Ottoman Empire, and Bulgaria in World War I (1914–1918). By the end of the first decade of the 20th ...
World War I[ j] or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a global conflict between two coalitions: the Allies (or Entente) and the Central Powers. Fighting took place mainly in Europe and the Middle East, as well as in parts of Africa and the Asia-Pacific, and in Europe was characterised by ...