Question

What was the impact of the first world war on the economic conditions in india?​

Answer 1

(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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Answer 2

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The war created a new economic and political situation:

• 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.
• Through the war years, prices increased– doubling between 1913 and 1918 – leading to extreme hardships for the common people.
• Villagers were called upon to supply soldiers, and the forced recruitment in rural areas caused widespread anger.

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