WW1 concluded with a negotiated peace in late 1917/early 1918. In the peace treaty, neither side was required to pay any reparations/indemnities and both sides pledged not to introduce new punitive tariff barriers post-war. The US never entered the war and never provided unsecured loans to Entente countries. Russia avoided the October Revolution and the civil war.
So here are my questions: How could the economies and trade relations develop in the years, decades following the war ITTL? Would the Germans (and the Austro-Hungarians) still try to inflate away their internal debts? Would the Brits still try to restore pre-war gold exchange rates? What would the smaller scale of Entente debt to the US mean for both parties and others? What about the lack of reparations? Given these different circumstances, would there still be something like the Great Depression ITTL? If yes, how would the various Great Powers and others fare? What would be the fate of the gold standard? Etc. Etc.
Please share your thoughts!
So here are my questions: How could the economies and trade relations develop in the years, decades following the war ITTL? Would the Germans (and the Austro-Hungarians) still try to inflate away their internal debts? Would the Brits still try to restore pre-war gold exchange rates? What would the smaller scale of Entente debt to the US mean for both parties and others? What about the lack of reparations? Given these different circumstances, would there still be something like the Great Depression ITTL? If yes, how would the various Great Powers and others fare? What would be the fate of the gold standard? Etc. Etc.
Please share your thoughts!