Economy, asked by prnce7730, 1 year ago

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

Answers

Answered by DeshiChhora
0
The Oxford Dictionary of National Biography includes the stories of hundreds of men and women who shaped the course of the First World War, or whose lives were profoundly changed by the conflict.

In addition to those who served on the Western Front, the Oxford DNB includes those who took part in other campaigns—from the North Sea to the Middle East—as well as those who tended to the dead and injured. Many others are remembered for works of commemoration, in literature, architecture, or the creation of institutions such as the British Legion and the annual Poppy Appeal.

Here we offer a very brief selection by topic: click on a portrait to read on. Selected wartime lives are also available as episodes in the ODNB’s biography podcast.
Answered by Anonymous
29

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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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