Question

explain the impact of the first world war on the British economy for 5 mark​

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.

Explanation:

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