Question

II.ANSWER IN BRIEF: 1.How had the first world war created a new economic situation in India? explain with three examples.​

Answer 1

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Answer:

. It led to a huge increase in defence expenditure which was financed by war loans and increasing taxes, customs duties were raised and income tax was introduced. 2. Throughout the war years, the prices of things increased, doubling between 1913 and 1918 which lead to extreme hardships for the common people