Economic factors contributed to the war's prolongation from "summary" of The Pity Of War by Niall Ferguson
The war's prolongation was not solely a result of military decisions or strategic blunders, but also of economic factors that played a crucial role in shaping the course of the conflict. The financial resources of the belligerent nations, their ability to sustain the costs of war, and the impact of economic disruptions on their societies all contributed to the protracted nature of World War I. One of the key economic factors that prolonged the war was the disparity in financial resources between the Allied and Central Powers. The Allies, particularly Britain and France, had greater access to capital markets and were able to finance their war efforts through loans and bond issues. In contrast, the Central Powers, especially Germany, faced severe financial constraints and struggled to meet the escalating costs of the war. This imbalance in economic resources gave the Allies a significant advantage in terms of sustaining their military campaigns over a prolonged period. Moreover, the war's economic impa...
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