Economic problems faced by the European countries after World War I

The total expenditure for all the parties in the World War I was huge. But the amount of property destroyed, ships and cargos sunk was, perhaps, incalculable.

It has been pointed out by contemporary historians that the dislocation of the pre-War economic life and disruption of the world trade was the most devastating result of the War.

In most of the European countries prices rose sharply bringing greater unemployment and temporary depression. Another economic problem from which the European countries suffered was the resettlement of migrant populations.

Decline in the international trade of the European countries stood as a major obstacle to their economic recovery. In the post-War period the standard of living in Europe became low.

Restrictions were imposed on consumption and other necessaries of life. These are the problems from which the European countries suffered after the World War I.