how had the first world war created a new economic situation in India explain with examples
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Answered by
19
Hii friend here is ur answer
First World War created a new economic situation by:
1. New taxes like income tax were introduced and customs duties were raised to finance increasing war expenditure.
2. Prices of goods almost doubled in the few years and became a huge burden for the poor.
3. There was crop failure in many parts of India which led to a shortage of food.
Hope it helps u ❤❤❤❤
First World War created a new economic situation by:
1. New taxes like income tax were introduced and customs duties were raised to finance increasing war expenditure.
2. Prices of goods almost doubled in the few years and became a huge burden for the poor.
3. There was crop failure in many parts of India which led to a shortage of food.
Hope it helps u ❤❤❤❤
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Answered by
11
GOOD AFTERNOON DEAR FRIEND
(a) The war created a new economic and political situation.
(b) it led to huge increase in defense expenditure which was financed by war loans and increasing taxes, custom duties were raised and income tax was introduced.
(c) Prices increased, doubling between 1913-18. This hit the common people.
(d) Villagers were asked to supply soldiers and through force recruitment in rural areas.
(e) During 1918-19, crops failed in many parts of India which created shortage of food.
(f) Spread of influenza epidemic and 12 to 13 million people died.
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