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Q.

Is it true that the economy of Britain crumbled after the First World War?


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is True. The economy of Britain crumbled after the First World War.
Manchester could never reclaim its former prominence in the Indian market after the war. Britain's economy collapsed after the war because it was unable to modernise its industries and compete with the US, Germany, and Japan. British exports of cotton textiles declined dramatically as well as cotton production. Local industrialists in the colonies increasingly strengthened their position by displacing imported goods and gaining control of the domestic market.
 
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