Briefly explain the economic conditions of the post first world war period
Answers
A post-war period or postwar period is the interval immediately following the end of a war. A post-war period can become an interwar period or interbellum, when a war between the same parties resumes at a later date (e.g., the period between World War I and World War II). By contrast, a post-war period marks the cessation of conflict entirely.
In Western usage, references to the post-war era or postwar era (sometimes capitalized) usually refer to the time since the end of World War II, although many nations involved in the Second World War have been involved in wars since.
Post-war Edit
Chronology of the post–World War II era Edit
The term "post-war" can have different meanings in different countries and refer to a period determined by local considerations based on the effect of the war there. In Britain, "post-war" refers to the period from the election of Clement Attlee in 1945 to that of Margaret Thatcher in 1979, a period of so-called post-war consensus, while it may also refer to a shorter period, ending in 1960 or shortly after and corresponding to the 1950s era, hence 1945–1960.[1][2][3]
Cold War era Edit
Considering the post-war era as equivalent to the Cold War era, post-war sometimes includes the 1980s, putting the end at 26 December 1991, with the Dissolution of the Soviet Union.[4][5] The 1990s and the 21st century are rarely considered to be part of the post-war era.
1 .Britain was burdened with huge external debts from the US.
2.After the war it was difficult for Britain to recapture it's earlier position in the Indian market
3.Indian and Japanese industry were developed as Britain was occupied with war .
4.Britain which was world leading economy in the pre -war period faced a prolonged crisis.
5.The government reduced bloated war expenditure . this led to huge job losses and unemployment.
hope it will help you
mark as me brainlist