Question

how did British involvement in wars from 1793 to 1815 affect British Industries?​

Answer 1

Answer:

(a) Britain’s involvement in wars from 1793 and  1815 greatly affected its economy. Factories shut  down and trade also suffered.  

(b) Due to shutdown of factories workers became  jobless. There was no capital formation and  possibility of reinvestment during the war  period. 

  (c) Britain had to borrow capital for carrying out its  expenses during war. The prices of commodities  also became very high.  

(d) Moreover, Napoleon Bonaparte’s continental  policy made the Britain to face the economic  crisis. He blocked the trade market for Britain  as a result of which goods from Britain could  not reach the markets of other countries.  

(e) There was an acute shortage of supply of  commodities.

Explanation:

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