1914 – 1918 World War I
Who: Allied Powers vs. Central Powers
What: Allied Victory; Germany forced to pay reparations to invaded countries.
Where: Europe, Africa, Middle East
Why: Economic race, military buildup and competition for global resources such as oil that would be necessary for world domination.
Allied Powers: United Kingdom, France, Russia, Italy, and United States.
Central Powers: Germany, Austria-Hungary, Ottoman Empire, and Bulgaria.
Player: JP Morgan – Financed Russia $12m, France $50m, Britain’s weapons purchased from US, and organized syndicate of US bankers to loan Allies $500m.
