explain the problem posed by first world war in india
Answers
Answered by
2
Answer:
Defence expenditure increased dramatically so it was financed by loans and raised taxes like income tax and customs duties. 2. Prices of goods almost doubled in the few years and became a huge burden for the poor.
Answered by
1
Answer:
The First World War created a new economic and political situation in India. The problems posed were: (i) It led to a huge increase in defence expenditure which was financed by war loans and increasing taxes. (ii) Customs duties were raised and income tax was introduced.
Similar questions