1. Results of World War I

2. Political  U.S. emerged as a leading world power  Dethroned 3 major European dynasties  Hehenzollerns in Germany  Hapsburgs in Austro-Hungary  Romanous in Russia  New nation states in central Europe  Poland, Czechoslovakia, Yugoslavia, Austria, Hungary, Estonia, Latvia, Lithuania, and Finland

3. Political  League of Nations- settle disputes/keep peace  Rise of fascist dictatorships in Germany and Italy  Russian Revolution and rise of Communism

4. Social  10 million soldiers killed  20 million wounded  Millions of civilians died  A whole generation of the male population gone  France lost 1 of 5 men between the ages of 20-44

5. Economic  Cost of war- $350 billion  U.S. lent allies $10 billion  Heavy taxation and lower standard of living in Europe to pay for the war  International trade suffered due to tariffs  Every major European country was bankrupt  Belgium/France lay in ruin- cities/farms- most of fighting was on Western front

6. Economic  U.S. became the world ’ s banker  Before WWI Europe controlled most of the world ’ s power and wealth- War changed that  U.S. and Japan took over European markets  British- 40% of her trading ships were destroyed