| £m | |
| Britain | 7,852 |
| France | 5,392 |
| USA | 5,028 |
| Russia | 5,021 |
| Italy | 2,736 |
| British Empire | 999 |
| Other Allies | 881 |
| Total | 27,909 |
1 Direct Spending by Entente Governments 1914 – 1918 £m
| £m | |
| Germany | 8,394 |
| Austria-Hungary | 4,583 |
| Bulgaria and Ottomans | 499 |
| Total | 13,476 |
2 Direct Spending by Central Powers Governments 1914 – 1918 £m
| Pre-1914 | Post-1918 | |
| Japan | 20% | 13% |
| France | 13% | 18% |
| Canada | 11% | 11% |
| Italy | 11% | 11% |
| Britain | 9% | 27% |
| Germany | 8% | 12% |
| Australia | 8% | 10% |
| USA | 2% | 8% |
3 Changes in Personal Taxation between 1914 and 1918
| Government Spending | 41,385 |
| Capitalised Value of Lost Lives | 14,912 |
| Loss of Production | 10,000 |
| Loss of Property | 6,658 |
| Loss of Merchant Ships | 1,511 |
| Loss to Neutrals | 393 |
| War Relief | 1 |
| Total | 74,860 |
4 Global Cost of the Great War £m
| £m | |||
| From Britain | From USA | Total | |
| Britain | 959 | 959 | |
| France | 482 | 634 | 1,116 |
| Italy | 459 | 354 | 813 |
| Russia | 631 | 42 | 673 |
| Belgium | 96 | 76 | 172 |
| Serbia | 20 | 6 | 26 |
| Roumania | 7 | 7 | |
| Greece | 10 | 10 | |
| Cuba | 2 | 2 | |
| Liberia | 1 | 1 | |
| British Empire + Others | 243 | 243 | |
| Total | 1,931 | 2,091 | 4,022 |
5 Cash Advances and Loans made by Britain and USA to other Entente Powers £m
| £m | |
| USA | +278.5 |
| Japan | +183.0 |
| Spain | +84.0 |
| Argentina | +49.0 |
| Netherlands | +41.0 |
| Switzerland | +12.5 |
| Uruguay | +10.0 |
| Sweden | +10.0 |
| Denmark | +9.0 |
| Canada | +9.0 |
| Norway | +4.5 |
| Australia | +1.0 |
| Greece | +0.5 |
| New Zealand | 0.0 |
| South Africa | -0.5 |
| Finland | -0.5 |
| Bulgaria | -1.0 |
| Portugal | -1.5 |
| Belgium | -4.0 |
| Roumania | -7.0 |
| Italy | -19.0 |
| France | -25.0 |
| Britain | -42.0 |
| Austria-Hungary | -55.0 |
| Germany | -123.0 |
6 Changes in Gold Reserves 1914 – 1918 £m
Savereo John 2017
Savereo John History 