The ____ world war had a massive impact on the economic conditions.

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The first world war had a massive impact on the economic conditions.
1)      Weak British economy- the economic recovery period after the war proved to be difficult as the heavy expenditure on World War I weakened the British economy.
2)      Competition from India and Japan- While Britain had its focus on the war, industries like India and Japan got an opportunity to grow. After the war both the industries, Japan and India, provided tough competition to the industries of Britain.
3)      External debts- Britain had borrowed liberally from the United States to finance war expenditure. So Britain was burdened with huge external debts.
4)      End of the economic boom- the war ultimately resulted in an economic boom. But when the war boom ended, production contracted, this resulted in an increase in employment and unemployment.
5)      Unrest in colonies- people of the British were forced to go against them by the economic hardships of the war period.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th