explain in detail about economic and political impact of first world war.....
please refer to the history page number 54 and you can also mark the point and attach the image
Answers
Answer:
Unlike in some European countries, the United States was not laid to waste by war. ... The heavy reparations, combined with the devastated economic infrastructure throughout Germany and political tension under the Weimar Republic, led to an economic depression.
Explanation:
https://study.com/academy/lesson/economic-social-political-consequences-of-the-great-war.html#lesson
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Answer:
Political :
• End of Company's rule
• Queen Victoria's Proclamation
• End of Mughals and Peshwas
• Relations with Princely States
• Policy of Divide and Rule
• Racial Antagonism
• Foreign Policy
• Increased Racial Bitterness
• Religious Changes
• Changes in the Army
Economic :
The First World War had the following economic impact on India:
(i) In order to meet a huge rise in defense expenditure, the government increased taxes on individual incomes and business profits.
(ii) Increased military expenditure and the demands for war supplies led to a sharp rise in prices which created great difficulties for the common people.
(iii) The war created a demand for industrial goods like jute bags, cloth, rail, etc. and caused a decline in imports from other countries into India.
(iv) Indian industries expanded during the war and Indian business groups began to demand greater opportunities for development.
(v) Business groups reaped fabulous profits from the war.