Question

what was the impact of first world war on the socio- economic condition of the world ?explain.​

Answer 1

Answer:

(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.

Answer 2

Answer:

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