World War I World War I was the result of leaders' aggression towards other countries, which was supported by the rising nationalism of the European nations. Economic and imperial competition and fear of war prompted military alliances and an arms race, which further escalated the tension contributing to the outbreak of war. On the European continent there were chiefly five raising great powers. On one side France, Britain, and Russia and on the other were …
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…Members of the middle class who had been living reasonably comfortably on investments began to experience a rocky financial period. Germany was hit the hardest in terms of struggling with war reparations, and inflation drastically lowered the value of the German mark. In a period of no more than three months in 1923, the German mark jumped from 4.6 million marks to the dollar to 4.2 trillion marks to the dollar. It appeared that Inflation knew no bounds.