The impact of World War 1 was felt on many levels, including political, economic, and social aspects. The war led to the collapse of several empires, including the Austro-Hungarian, German, and Russian Empires. It also resulted in the redrawing of national boundaries and the creation of new countries, such as Czechoslovakia and Yugoslavia. Economically, the war led to massive debts and inflation, which contributed to the Great Depression in the 1930s. The war also resulted in the loss of millions of lives and left many more injured or traumatized, leading to a lasting impact on the societies that had been affected.
