The Impact of Welfare on the Country Economics Essay - 157

The Impact of Welfare on the Country Economics - Essay Example The economic conditions that the world was served within the Post First World War were a mere recipe for the disaster, frustration, and anguish within. Pestilence, crippled bodies, handicapped people, unemployment, no pays for the soldiers, empty stocks all were the outlook of the different European societies. The Economic Crunch that hit the World towards the late 1920s decayed the overall structure of social and economic outfit in a further uglier manner (Brassley et.al, 2012, p. 115). The certain clauses and actions taken by the League towards the defeated nations led to the hostile mindset creation within. For example, Germany was left high and dry, which in turn rose the spirit of revenge and vendetta against the European superpowers. Austria and Hungry were segmented within and left underdeveloped. The spoils of the First World War went directly into the hands of the Big Four namely Great Britain, France, Russia, and Italy. Each aimed at maximizing its gains from the war, which in turn led to the imbalance in the distribution. The establishment of Yugoslavia was another area of weakness with regard to the miss calculation in the overall assessment of a situation that was at hand. The other major events that developed towards the post First World War were the jingoism of the Japanese nation. The attacks on Manchuria by Japan were one of the events marked as an act of hostility towards global peace. The weakness of the League on the basis of the fact that major nations stayed away from it, or left it during the midway made it further weaker in its outlook. The absence of the United States of America from the overall environment of hostility did not help the global perspective and European political affairs.