Points First World War Second World War
(1) Period 1914-1918 1939 -1945
(2) Involved nations Allied Powers – Britain, France, Russia, Italy, America Central Powers – Germany, Austria, Hungary, Ottoman Empire, Bulgaria Allied Powers – Britain, France, Australia, Canada, New Zealand, India, Soviet Union, China, America Axis powers – Germany, Japan, Italy
(3) Impacts (Political and Economic) (i) Earlier empires in Europe collapsed and new nations came into being.
(ii) Independence movements in European colonies changed hegemony of European Nations.
(iii) League of nations was established.
(iv) Autocratic regime came up in Germany, Spain, Italy and other countries.
(v) Destruction of public property. (i) Beginning of Cold War
(ii) Destruction of public property on larger scale due to use of nuclear weapons
(4) International Organisations established after the War League of Nations United Nations Organisation