Question

Describe the economic conditions of britain after the ‘first world war'.

Answer 1

Britain lost its annexed territories.
India and japan rebuilt their economies.
Britain trapped in debt with america.

Answer 2

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.