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The massive increase in government spending, borrowing and currency devaluation that occurred during the First World War by all powers led to a global surge in inflation. This growth in prices had major implications for both the combatant powers and the empires they governed Explaining History helps you understand the 20th Century through critical conversations and expert interviews. We connect the past to the present. If you enjoy the show, please subscribe and share.▸ Support the Show & Get E

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