Question

How did first wordl war change the economic life of the people in britan explain

Answer 1

↪After the war Britain found it difficult to recapture its earlier position of dominance in Indian market . Unable to modernise and compete with US, Germany and Japan , the economy of Britain crumbled after the war.

↪Moreover, to finance war expenditures Britain had borrowed liberally from US. This meant that at the end of war Britain was burdened with huge debts

↪The war led to a huge increase in demand , production and employment . When the war ended , production contracted and unemployment increased.