Question

What were the impact of first world war on the economy of Britain?

Answer 1

Answer:

Britain was burdened with huge external debts. (iv) The war had led to an economic boom, i.e., to a large increase in demand, production, prices and employment. When the war boom ended production contracted, employment and unemployment increased.

Answer 2

❤️°°→→Britain was burdened with huge external debts. (iv) The war had led to an economic boom, i.e., to a large increase in demand, production, prices and employment. When the war boom ended production contracted, employment and unemployment increased.←←°°❤️

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