The Economics of Total War and Reconstruction, 1914-1922

Matthias Blum, Jari Eloranta

Research output: Chapter in Book/Report/Conference proceedingChapter


This chapter features a discussion of the economy and mobilization for the First World War. The authors analyse the implications and cost of total war, concluding with an examination of its contradictory legacies. In studying the war’s impact on Germany in particular, the chapter provides an in-depth look at the consequences of war on Europe’s strongest pre-war economy, without the complications of separating out the issues of a developing country, which can mimic those faced in wartime. The economic challenges that warring parties faced during the war included mobilization, warfare, labour shortage, impaired domestic economic activity, restricted international trade, a systematic redistribution of resources towards the war economy, food rationing, the predictable emergence of black markets, and a drop in living standards. The authors also discuss strategies to meet the significant financial demands associated with the war, and its tumultuous economic and political aftermath.
Original languageEnglish
Title of host publicationOxford Handbook for Europe 1914-1945
EditorsNick Doumanis
Place of PublicationOxford
PublisherOxford University Press
ISBN (Print)9780199695669
Publication statusPublished - May 2016

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