the first the first world war heads are several effect on the same industry create this statement with three arguments
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The War created a new economic and political situation :
(i) 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 introduced.
(ii) Through the war years, prices increased – doubling between 1913 and 1918 – leading to extreme hardships for the common people.
(iii) Villagers were called upon to supply soldiers, and the forced recruitment in rural areas caused widespread anger.
Hope it will help you .
(i) 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 introduced.
(ii) Through the war years, prices increased – doubling between 1913 and 1918 – leading to extreme hardships for the common people.
(iii) Villagers were called upon to supply soldiers, and the forced recruitment in rural areas caused widespread anger.
Hope it will help you .
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