How did Britain's involvement in wars from 1793-1815 affect British industries?
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Britain,s involvement in wars from 1793 and 1815 greatly affected its economy. Factories shut down and trade came to a standstill. Due to shutdown of factories workers became jobless and there was unemployment. There was no capital formation and possibility of reinvestment during the war period.
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1
Answer:
Britain,s involvement in wars from 1793 and 1815 greatly affected its economy. Factories shut down and trade came to a standstill. Due to shutdown of factories workers became jobless and there was unemployment. There was no capital formation and possibility of reinvestment during the war period.
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