The period before and after World War I saw significant shifts in global power dynamics, economic conditions, and international relations. Prior to the war, the world was characterized by colonial empires, a gold-based economy, and a complex balance of power maintained through alliance systems like the Triple Alliance and Triple Entente.
-Balance of power
(Concert of Europe)
-Alliance Systems
(Triple Alliance-Triple
Entente)
-Imperialism
-Militarism and Arms Race
-Crisis Diplomacy
(The Balkan Wars- The
assassination of Archduke
Franz Ferdinand)
Central Powers
(Triple Alliance):
- Germany
-Austria-Hungary
-Italy (1914)
BIPOLAR
SYSTEM
Austria- Hungary, France,
Germany, Great Britain,
Italy, Japan, Russia, and
the United States
After WW1
International
Relations
-Treaties
(The Treaty of
Versailles)
-The League of Nations
-Decline of European
dominance and the rise
of the United States
-Rise of Nationalism
and Anti-Colonial
Movements
-Great Depression
-Breakdown of
Collective Security
(fall of League of Nations)
Economy
-Economic
Devastation
-The Decline of
the Gold
-War Debt and
Reparations
-Power to the US
-Global Trade Decline
-Economic Instability
and Inequality