What were the effects of the First World War on Indian economy? Explain briefly.
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The First World War greatly weakened the Indian economy since the war expenditure was high. To maintain this, the income tax of Indians were raised. Custom duties were increased and prices of goods were increased as well. Between the years 1915-1918, the prices were doubled.
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heya__________
Here is your answer:-
EFFECTS OF FIRST WORLD WAR ARE AS FOLLOW :-
1 . it destroyed empires.
2. war expenditure was increased which was financed by Revenue and taxes from the ordinary people.
3.Social life also changed: women had to run businesses while the men were at war and labor laws started to be enforced due to mass production and mechanization. People all wanted better living standards.
4. The war made people more open to other ideologies, such as the Bolsheviks that came to power in Russia and fascism that triumphed in Italy and even later in Germany.
HOPE THIS HELPS!!!!!
hope this helps!!
Here is your answer:-
EFFECTS OF FIRST WORLD WAR ARE AS FOLLOW :-
1 . it destroyed empires.
2. war expenditure was increased which was financed by Revenue and taxes from the ordinary people.
3.Social life also changed: women had to run businesses while the men were at war and labor laws started to be enforced due to mass production and mechanization. People all wanted better living standards.
4. The war made people more open to other ideologies, such as the Bolsheviks that came to power in Russia and fascism that triumphed in Italy and even later in Germany.
HOPE THIS HELPS!!!!!
hope this helps!!
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