why was post war recovery proved difficult in Britain five points
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Post war economic recovery proved difficult. Britain, which was the world’s leading economy in the pre-war period, in particular, faced a prolonged crisis.While Britain was pre occupied with war, industries had developed in India and Japan.After the war, Britain found it difficult to recapture its earlier position of dominance in the Indian market, and to compete with Japan internationally.To finance war expenditures, Britain had borrowed liberally from the US.This meant that at the end of the war Britain was burdened with huge external debts.
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Post war economic recovery proved difficult. Britain, which was the world’s leading economy in the pre-war period, in particular, faced a prolonged crisis.While Britain was pre occupied with war, industries had developed in India and Japan.After the war, Britain found it difficult to recapture its earlier position of dominance in the Indian market, and to compete with Japan internationally.To finance war expenditures, Britain had borrowed liberally from the US.This meant that at the end of the war Britain was burdened with huge external debts.
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