Second world war
Second world war
It is the largest armed conflict that humanity has known. A deadly war that involved tens of millions of fighters around the world. Let’s summary of the main events of World War II. At the end of World War I, Germany and its allies are defeated and held solely responsible for the war. With heavy sanctions imposed upon them, the Austro-Hungarian and Ottoman empires are dismantled, while Germany has to repay what many consider an unreasonable debt. Its colonies and some of its territories are ceded to the victors, and to Poland which is recreated. These sanctions are seen as humiliation by the German people. The German economy is weakened by excessive debt and suffers hyperinflation. National mints try to address this by printing banknotes, causing a devaluation of its currency. Between 1914 and November 1923, the value of the mark grew by 1,000 billion. The following year, radical measures are taken to halt inflation and stabilize and revive the economy. But in 1929 the Wall Street crash in New York causes the worst economic crisis of the 20th century.