Final answer:
The war drastically altered Europe's economy by disrupting labor and trade, altering relations with colonies, and creating fragile financial systems, particularly surrounding German reparations. Women's roles in society expanded significantly as they joined the workforce and supported the war effort. Advances in technology and alterations in geopolitical boundaries were also notable consequences of the war.
Step-by-step explanation:
The impact of war on the economies of Europe was profound. The industrial world economy underwent significant changes, as years of intense conflict disrupted labor forces, trade relations, and governmental budgets. World War I is considered the first global war and notably shifted economic dynamics, not only in Europe but also in Africa, Asia, and Latin America. European trade with sub-Saharan Africa, which was heavily dominated by Germany, was particularly affected, leading to scarcity and heightened costs for goods.
Regarding women's roles in society, the war was a catalyst for change. In the Allied and Axis nations, women stepped into roles traditionally filled by men, contributing significantly to the war effort. The absence of men in everyday life due to conscription prompted women to work in factories, take on farming tasks, and assume various forms of civil service. Their contribution to the war effort not only impacted their lives in the short term by providing unprecedented work opportunities but also had long-term effects on societal attitudes towards gender roles and rights.
The war also influenced the advancement of technology, as nations innovated in the fields of weaponry, communications, and other military tactics. New technologies developed during World War II significantly affected its outcome. Lastly, the legacy of World War I was also reflected in the changes in the geopolitical map post-war, especially under the Treaty of Versailles, which redefined Europe's national boundaries and imposed reparation obligations on Germany, thus affecting global economic stability.