0
- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: World War I ended 108 years ago today
Posted on 11/12/26 at 10:00 am to GWfool
Posted on 11/12/26 at 10:00 am to GWfool
Im not a history buff either, but IMO boiled down to the simplest form, a lot of the best young men from a lot of countries were killed in that war. The war directly lead to WW2, which killed many more of those countries best men.
Ignoring geopolitics, the impacts on demographics were massive.
Ignoring geopolitics, the impacts on demographics were massive.
Posted on 11/12/26 at 10:11 am to blueboy
While the creation of central banks and the suspension of the gold standard made it vastly easier for governments to fund World War I, banks did not push for the Fed or the war to achieve that outcome. It's true that banks hated the credit crunches caused by the gold standard's rigidity. However, banks wanted a central bank to prevent financial panics and keep global trade running smoothly, whereas World War I caused the exact opposite: an immediate, catastrophic global financial freeze.
Before 1914, major international banks thrived on the gold standard because it guaranteed stable exchange rates and safe cross-border lending. When governments suspended gold convertibility to pay for the war, it unleashed massive inflation, currency collapses, and sovereign defaults that wiped out enormous amounts of European banking wealth. Your original argument is that bankers engineered central banking to enrich themselves through war debt (a classic argument of the Nazi Party). In reality, once political and military leaders started the war in 1914, wartime governments subordinated central and private banks to their treasuries, forcing them to print money and absorb debt at the expense of long-term financial stability.
Before 1914, major international banks thrived on the gold standard because it guaranteed stable exchange rates and safe cross-border lending. When governments suspended gold convertibility to pay for the war, it unleashed massive inflation, currency collapses, and sovereign defaults that wiped out enormous amounts of European banking wealth. Your original argument is that bankers engineered central banking to enrich themselves through war debt (a classic argument of the Nazi Party). In reality, once political and military leaders started the war in 1914, wartime governments subordinated central and private banks to their treasuries, forcing them to print money and absorb debt at the expense of long-term financial stability.
This post was edited on 11/12/26 at 10:12 am
Posted on 11/12/26 at 11:04 am to GWfool
quote:
As a non history buff on WW1 can you elaborate on that just for my own curiosity?
WWI shaped the modern world in a plethora of ways.
1. The Collapse of Empires and Redrawn Borders
• Fall of Four Empires: The war caused the collapse of the German, Russian, Austro-Hungarian, and Ottoman empires.
• New Nation-States: The dissolution of Austria-Hungary and the Russian Empire created numerous independent European nations.
• The Middle East: The breakup of the Ottoman Empire—shaped by agreements like Sykes-Picot—drew new, arbitrary borders in the Middle East that influence regional politics today. There is a consensus among historians today that these artificial borders created enduring power vacuums and nationalist conflicts.
2. Geopolitics and the Rise of New Ideologies
• Rise of Communism: Wartime collapse and economic chaos in Russia triggered the 1917 Bolshevik Revolution and the birth of the Soviet Union.
• Extremism & WWII: The punitive terms of the Treaty of Versailles and post-war disillusionment paved the way for fascism, the rise of Adolf Hitler and Benito Mussolini, and the outbreak of World War II.
• Shift in Global Power: The U.S. emerged as a major global financial and industrial power, with New York replacing London as a primary financial capital.
3. Everyday Innovations and Medicine
• Medical Advancements: The horrors of trench warfare and massive casualties spurred breakthroughs in plastic and reconstructive surgery (pioneered by figures like Harold Gillies), blood transfusion storage, and the understanding of Post-Traumatic Stress Disorder (then called "shell shock").
• Everyday Products: Mass-production needs popularized items such as zippers for military uniforms, sanitary pads (Kotex), and synthetic innovations like artificial nitrates for fertilizers that now feed a massive portion of the global population.
• Resource Management: Daylight Saving Time was introduced by warring governments to conserve fuel and electricity.
4. Social and Cultural Shifts
• Women's Suffrage: With millions of men at the front, women entered the industrial workforce en masse, accelerating political movements that led to legalizing women's right to vote in countries like the United States (via the 19th Amendment).
• Disillusionment & Modernism: The sheer scale of slaughter destroyed pre-war romantic notions of military glory, giving rise to the "Lost Generation" and radical new movements in art, literature, and philosophy.
Posted on 11/12/26 at 12:59 pm to KiwiHead
quote:
communists sewed a lot of anarchy in the cities and factories. Mass protests
Exactly like now. And especially 2020. That’s been their playbook since 1917. Except now they go by a different name.. Democrats.
Posted on 11/12/26 at 8:21 pm to RollTide1987
Page 4 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News