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Explain the impact of the First World War on the British economy.



Impact of First World War on British Economy - Teachoo.jpg

Points to Remember 

  1. The war led to an economic boom, a large increase in demand, production and employment
  2. Britain was burdened with huge foreign debt .
  3. Production decreased and unemployment rose after the war ended. 
  4. The government reduced bloated war expenditures 

Answer to be written in the exam 

  1. At the time of war ,the war had led to an economic boom which means there is a large increase in demand, production, and employment.
  2. When the war ended ,Britain was burdened with huge foreign debt , and it struggled to regain its former prominence after the First World War. 
  3. When the war ended production decreased and unemployment rose .
  4. At the same time, the government reduced bloated war expenditures to bring them into line with peacetime revenues.


* This question can also come as Economic condition of Britain after the First World War

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 13 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.