the Financial legacy of the great war
On the Western front, the Great War lasted four years, from 1914 to 1918. When the Armistice was agreed on 11 November 1918, the guns fell silent and finally on 28 June 1919 a Peace Treaty was signed in Versailles. At that moment, however, the financial war had just started and it resulted in decades of instability and millions of economic victims. The almost unlimited spending and borrowing during the war led to heavy international disputes about debt payments. Despite some heroic attempts, but more often flagrant evasion, the bill is not yet settled and almost certainly, it will never be.