Question

Describe in brief the economic condition of the post first world war period

Answer 1

Answer:

Britain was burdened with huge external debts from the US. Government reduced bloated war expenditure. This led to huge job losses and unemployment. Grain prices witnessed a steep fall as wheat supply was disrupted during the First World War.

Explanation:

Answer 2

Answer: Economic condition of Britain after World War I

Explanation: After the First World War, Britain found it 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 reduced bloated war expenditure to bring them into line with peace time revenues. These debts led to huge job losses.

Many agricultural economists were also on crisis.