Explain the impact of the First World War on the British economy.
Answer:
Points to Remember
- The war led to an economic boom, a large increase in demand, production and employment
- Britain was burdened with huge foreign debt .
- Production decreased and unemployment rose after the war ended.
- The government reduced bloated war expenditures
Answer to be written in the exam
The rest of the post is locked. Join Teachoo Black to see the full post.