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How did World War I change the balance of economic power in the world? Only the United States and Japan came out of the war in better financial shape than before. The Great War left every major European country nearly bankrupt. In addition Europe's domination in world affairs declined after the war.

To maintain the balance of power, the English made alliances with other states—including Portugal, the Ottoman Empire, and the Netherlands—to counter the perceived threat. These Grand Alliances reached their height in the wars against Louis XIV and Louis XV of France.

Countrys like United States and Russia Were still world superpowers.