Choose the given statement is true/false:

Britain was the world’s leading economy during the pre-First World war period.

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True

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Detailed Solution

The above statement is True.
Britain is known as the pioneer of the industrial revolution. The economy of Britain grew along with the industrial revolution. After capturing their domestic market, they targeted their colonies. Britain had the highest number of colonies in the pre-first world war period. They exploited these colonies' natural resources and minerals in Asia, Africa, and the American continent. Along with this, the industrial product produced in Britain was sold at high prices in these colonies. Thus, Britain emerged as a leading economy during the pre-first world war period.

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