Question

what was the impact of first world war on our country​

Answer 1

Answer:

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.

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Answer 2

Answer:

Hi..!!

✔️ (i) The First World War led to a huge rise in the defence expenditure of the Government of India. The government in turn increased taxes on individual incomes and business profits.

✔️ (ii) Increased military expenditure and the demands for war supplies led to the sharp rise in prices which badly affected the common mass.

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