Question

What was the impact of first world war on india

Answer 1

Answer : (i) The war created a new economic and political situation. (ii) It led to huge increase in defence expenditure which was financed by war loans and increasing taxes, custom duties were raised and income tax was introduced. (iii) Prices increased, doubling between 1913 and 1918. This hit the common people.

Answer 2

Import and export from India have been increased since the first world war.

Overview of the first world war:

• The first world war was held between 1914 to 1918.
• It was an economic conflict between Russia, Europe, the United States, and middle east countries.

Positive impacts

• The profit was very huge in the business organization.
• Various factories grow in this era in India.
• Growth and demand for defense products have been raised.
• Opportunities boosted various new organizations.