What economic change occured as a result of the First World War?

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  • Created by: Zobby
  • Created on: 14-05-16 15:37

What economic change occured as a result of the First World War?

Causes

  • Rising inflations and shortages
  • Ministry of Munitions - increase in shell production
  • Transport - railways
  • Shipping - Ministry of shipping
  • Food production
  • The overall cost
  • Taxation

Effects

  • Needed to repair economy to make world power again
  • Wartime industry took over England - issue to re-adapt back after
  • Bombing of the railways meant lack of displays
  • U-boats destroyed supplies
  • Rationing introduced
  • Britain was in masses of debt
  • All products were highly taxed

Overall summary

How economy is affected by the factors

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