Question

Who financed the defence expenditure of World War 1??​

Answer 1

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✨War was finance by war loans and increasing taxes.Custom duties were raised and income tax was introduced.

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Answer 2

Explanation:

By 1916, Britain was funding most of the Empire's war expenditures, all of Italy's and two thirds of the war costs of France and Russia, plus smaller nations as well. The gold reserves, overseas investments and private credit then ran out forcing Britain to borrow $4 billion from the U.S. Treasury in 1917–18.

Graph 1 : NATO Europe and Canada - defence expenditure ... Graph 2 : Defence expenditure as a share of GDP and equipment ...... War damage payments and spending on civil defence ...

hope you get it....