How had the first world war created a new economic situation in india ? explain three example
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The war created a new economic and political situation.
It led to a huge increase and defence expenditure which was financed by war loans and increasing taxes : Customs duties were raised and income tax introduced. Through the war years prices increased - leading to extreme hardship for the common people.
The forced recruitment in rural areas caused widespread anger.
Crops failed and also accompanied by an influenza epidemic.
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- Maheshwaran.
It led to a huge increase and defence expenditure which was financed by war loans and increasing taxes : Customs duties were raised and income tax introduced. Through the war years prices increased - leading to extreme hardship for the common people.
The forced recruitment in rural areas caused widespread anger.
Crops failed and also accompanied by an influenza epidemic.
Hope it helped...
Please mark my answer as brainliest.
- Maheshwaran.
maheshwaranlupp0yaxy:
Mark it brainliest buddy....
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