Question

Explain the impact of the First World War on Britain's economy.

Answer 1

Respuesta:

The freezing of wages and the sharp increase in the prices of consumer goods caused a sharp fall in real wages, especially during the final period of the war.

Answer 2

Respuesta:

1 After the war, Britain found it difficult to recapture its earlier position of dominance in the colonial market. 2 To finance war, expenditures, Britain had borrowed from the U.S. At the end of the war, Britain was burdened with huge external debts. 3 The war had led to a huge increase in demand, production, and employment.  4 The government reduced bloated war expenditures to bring them into line with peacetime revenues. 5 These developments led to huge Job losses. In 1921, one in every five British workers was out of work.

Explicación:

ESPERO TE SIRVA