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  • 10-03-2022
  • Social Studies
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How did World War 1 affect European economies?

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  • 10-03-2022

Answer:

The Great War also saw the introduction of the planned economy and a much bigger role for the state. Soon after the outbreak of war the German government took control over banks, foreign trade and the production and sale of food as well as armaments. It also set maximum prices for various goods.

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