The
First World War which continued for four and half years had disastrous
consequences.
1)
The war brought about tremendous
destruction of life and property.
2)
Millions of soldiers were killed
and crores were injured while innumerable civilians lost their lives.
3)
The global economy went on a
decline while trade and commerce came to a standstill. This resulted in a
complete economic breakdown.
4)
The economic loss due to the use of
destructive weapons was enormous as a huge amount of civilian property came to
be destroyed.
5)
The collapse of European industries
further deteriorated the economy.
6)
Except USA and Japan, all other
states, whether victorious or defeated became bankrupt. As a result USA emerged
as the new super power of the world.
7)
The map of Europe, Asia and Africa
came to be reorganized as the territories and empire of defeated nations were
divided into new countries viz. Poland, Finland, Romania, Czechoslovakia, etc
8)
The monarchical rule in Russia,
Germany and Austria came to an end.
9)
The family system, traditional
values and ethics were restructured after the war.
10)
League of Nations was established
as the peace keeping body according to the 14 Point Programme of Woodrow
Wilson.
11)
The unjust terms of the treaties
which were imposed on the defeated nations motivated the feeling of revenge and
retaliation which ultimately sowed the seeds of Second World War.
