Question

Describe the social and economic effects of the World War on England and USA

Answer 1

The England had to bear war expenditure which lead to take loan from US and lead to increase indebt.
After world war US became a international creditor from international debtor and provide loan for Britain.
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Answer 2

$\textbf{Social Effects }$:

1. Work force were affected in England as most of the killed and maimed people were of the working age.

2. Women stepped into jobs as household income declined.

3. In England role and position of women changed for ever.

$\textbf{Economic effects }$:

1. Links of economy or economic links bewteen most of the major economic powers were snapped.

2. England borrowed a large amount of money from the US banks.

3. USA emerged as an international creditor.