Question

explain the impact of first world war on the British economic​

Answer 1

Answer:

Britain had borrowed liberally from the United States (US). ... Britain was burdened with huge external debts. (iv) The war had led to an economic boom, i.e., to a large increase in demand, production, prices and employment. When the war boom ended production contracted, employment and unemployment increased.

Answer 2

Answer:

British had borrowed liberally frime the united states (us) . British was burdend with huge external debt . The war had led to an economic boom .

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