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Devastated European economies leading to massive debts and inflation, fostered a deep global economic depression.

Catalyzed a shift in economic power towards the USA and USSR, led to the reconstruction era in Europe and the rise of welfare states.

Disrupted trade and induced financial crises across Europe, contributed to the fall of the Spanish Empire and affected the British economy.

Resulted in an economic boom in the North but economic devastation in the South, leading to the Reconstruction era.

Led to the unification of Germany and significantly affected French economic stability due to indemnity payments and Alsace-Lorraine's annexation.

Transitioned the US into an imperial power with economic interests in the Caribbean and the Pacific, while leading to Spain's further economic decline.

The war created a Military-Industrial Complex in the US and inflicted a heavy blow to the Korean Peninsula's economy, which took decades to recover.

Increased deficits and inflation in the US economy, while leading to severe damage and long-term impacts on Vietnam's infrastructure and economy.

Severely damaged both countries' economies, leading to heavy debts and slowing their development for years.

Weakened the Iraqi economy with war costs and subsequent sanctions, while other participating economies saw lesser impacts.

Caused economic strain in Russia leading to reforms, while British private investors gained from financing the war.

Led to the decline of Athenian economic power and the overall weakening of the Greek city-states' economies.

Devastated much of Germany's economy through destruction and population loss, disrupted European trade and finances.

Had limited direct economic impact but paved the way for British control over Zululand, which had economic implications for the region.

The economic burden on Britain and the devastation of the Boer Republics, with significant repercussions on the South African economy.

Catalyzed shifts in global trade and colonial power, leading to economic strain in France and bolstering the British economy.

Impacted Russian economic stability leading to political unrest, while strengthening Japan's economic and military status in Asia.

Had minor economic impacts on the UK, but affected Argentina's economy largely due to military expenditures and loss of confidence.

Drained resources of England and France, disrupted trade, and caused peasant revolts that impacted the feudal economic system.