What question did this study set out to answer?

To comprehensively evaluate and quantify the economic toll of World War I by assessing both primary military outlays and wider indirect societal losses.

September 1, 1920Quarterly Publications of the American Statistical Association

Direct and Indirect Costs of the Great World War

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Authors

FFFred Rogers Fairchild EBErnest L. BogartJohns Hopkins University

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Implication

Historical economic assessment reveals the direct and indirect financial burdens of World War I, highlighting massive long-term global economic damage.

Key Points

To comprehensively evaluate and quantify the economic toll of World War I by assessing both primary military outlays and wider indirect societal losses.
Historical retrospective synthesis compiling official national treasury accounts, military budgets, and wartime debt records across combatant powers.
Macroeconomic assessment contrasting pre-war fiscal baselines with wartime production displacement, trade losses, and postwar reconstruction expenses.
Direct military expenditures totaled hundreds of billions of dollars across opposing alliances, severely depleting national reserves and elevating sovereign debt burdens.
Indirect financial devastation from property destruction, merchant shipping sinkings, agricultural disruption, and lost civilian productivity equaled or exceeded direct battlefield expenditures.

Cite This Study

Fairchild et al. (1920) studied this question.

synapsesocial.com/papers/6a71307ace524a4339c4c93e https://doi.org/10.2307/2965361

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Implication

Historical economic assessment reveals the direct and indirect financial burdens of World War I, highlighting massive long-term global economic damage.

Direct and Indirect Costs of the Great World War

Discussion

Member takes

Implication

Key Points

Cite This Study

Direct and Indirect Costs of the Great World War

Discussion

Member takes

Implication

Key Points

Cite This Study

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