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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 ...
The Russian railway network in 1912. Russia was one of the major belligerents in the First World War: from August 1914 to December 1917, it fought on the Entente 's side against the Central Powers . At the beginning of the 20th century, the Russian Empire was a great power in terms of its vast territory, population, and agricultural resources.
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 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 ...
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]
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 ...
Gatrell, Peter. "Poor Russia, Poor Show: Mobilising a Backward Economy for War, 1913–1917" in Stephen Broadberry and Mark Harrison, eds., 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 ...
Russia's economy isn't on solid footing to begin with, particularly as its invasion of Ukraine grows more costly and damages its economic ties to global markets. One UC Berkeley economist ...