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 

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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 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.