Question

What were two ways that countries used economic policies to control the cost of World War I?

Answer 1

Hi friend,

Two ways that countries used economic policies to control the cost of World War I are:-

•They set prices on goods and materials needed for the war effort.

•They used "buy now, pay later" trait. They would buy something but not pay till later on. 

HOPE THIS HELPS YOU:-))

Answer 2

World war I ,is one of most dangerous wars in the modern history.It totally destroyed the western economy at that time period.Because,the total cost of the war is significantly high.

To control the economic health at that time,the western countries followed different economic policies.

Some of them are;

1) Increasing the tax:

Tax is the main source of any country's national gross income.That's why the western countries significantly raised the tax amounts at that time.

2)Taking Loan:

Different loans were taken from different public organisations (banks etc.) in a national scale to control the costs of the war.