Question

explain the impact of first world war on Britain ​

Answer 1

⭕HOLA MATE⭕

✔️ANSWER:-

✍️(i) After the war, Britain found it difficult to recapture

its earlier position of dominance in the Indian market, and to compete with

Japan internationally.

✍️(ii) Moreover, to finance war expenditures, Britain had

borrowed liberally from the US. This meant, that at the end of the war, Britain

was burdened with huge external debts.

✍️ (iii) The war had led

to an economic boom, that is a huge increase in demand, production and

employment. When the war ended, production contracted and unemployment

increased.

✍️(iv) At the same time, the government reduced bloated war

expenditures to bring them into line with peacetime revenues. These

developments lead to huge job losses.

❤HOPE IT HELPS❤

Answer 2

HEYAAAA❤❤❤❤

Britain which was a leading economy of the world before the First World War faced a prolonged crisis

(i) While Britain was pre-occupied with war, industries had developed in Japan and India. After the war, Britain found it difficult to

recapture its earlier position.

{ii) Britain has borrowed liberally from the USA for its war time expenditure, thus at the end of the war, Britain was burdened with huge external debt.

(iii) After the war, production contracted which led to huge job losses. In 1921, one in every

five British workers was out of work. Anxiety and uncertainty about work became an ,

enduring part of the post-war time.

Hope it helps...