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The economic history of World War I covers the methods used by the First World War (1914–1918), as well as related postwar issues such as war debts and reparations. It also covers the economic mobilization of labour, industry, and agriculture leading to economic failure. It deals with economic warfare such as the blockade of Germany, and with ...
In the aftermath, GDP per capita was volatile and did not substantially increase. [1] Steady economic growth began in the 1890s, alongside a structural transformation of the Russian economy. [1] By the time World War I started, more than half the Russian economy was still devoted to agriculture. [1] [2] By the early 20th century, the Russian ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
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]
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.
The Economics of World War I (2005) 235–275. Gatrell, Peter. "Tsarist Russia at War: The View from Above, 1914–February 1917" Journal of Modern History 87#4 (2015) 668-700 online, historiography; Gatrell, Peter. Russia's First World War: a social and economic history (Longman, 2005) excerpt; Haimson, Leopold H.
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 ...