Choose given statement is true/false:

The First World War had a significant impact on the world economy.

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Detailed Solution

The above statement is true.
Most of the First World War (1914–18) was fought in Europe. But people throughout the world were affected by it. It caused a crisis in the early half of the 20th century that took more than three decades to resolve. Another brutal war, as well as significant economic and political upheaval, occurred during this time. There had never been a war like the First World War. Leading industrial nations from around the world engaged in battle, harnessing the immense strength of the modern industry to inflict the most damage on their enemies. The conflict caused the economic ties between some of the most significant economic powers in the world to break, and they were forced to start battling one another to pay for them.

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