Question

Describe describe the economic condition of britain after first world war

Answer 1

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It was 1914 when the First World War broke out.

Britain was at that time the world’s superpower and had a significant amount of resources.

However, when the war broke out the market of Britain saw huge financial crisis and massive market panic.

The government had to prepare for economic demands and reassure the markets.

To overcome the loss, the government had to raise money in different ways.

Answer 2

Answer: after the 1st world Britain found difficult to recapture its earlier position. Britain was burdened with huge external debts. The war had led to an economic boom,a large increase in demand production and employment. When the war boom ended production contracted and unemployment increased at the same time the government reduced bloated war expenditure to bring them into line with peacetime revenues. These debts led to huge job losses many agricultural economists were also in crisis.

Explanation: