(i)The First World War led to a huge rise in the defence expenditure of the Government of India. The government in turn increased taxes on individual incomes and business profits. (ii)Increased military expenditure and the demands for war supplies led to the sharp rise in prices which badly affected the common mass.
What was the impact of World war 1 Class 10?
ii) Increased military spending and demand for war supplies resulted in a dramatic increase in costs, causing considerable suffering for the common people. iii) The war increased demand for industrial goods such as jute bags, fabric, and rail, and reduced imports into India from other countries.
What was the impact of first world war on the economy of India?
(iii) The war created a demand for industrial goods like jute bags, cloth, rail, etc. and caused a decline of imports from other countries into India. (iv) Indian industries expanded during the war and Indian business groups began to demand greater opportunities for development.
What was the impact of the war in India?
The First World War caused India to nearly go bankrupt and also a major loss in casualties. Indian troops as high as 800,000 in numbers fought in every aspect of War and a majority 500,000 Indian people volunteered to fight for the British. Offers of financial and military help were made from all over the country.
What impact did World war 1 have?
The First World War destroyed empires, created numerous new nation-states, encouraged independence movements in Europe’s colonies, forced the United States to become a world power and led directly to Soviet communism and the rise of Hitler.
How did WWI affect India?
In short, the war economy boosted Indian capitalism in some ways at least. The Indian national movement, and the country’s socio-economic development did not take place in isolation. World War I linked India to global events in profound ways with far-reaching consequences. It is history worth remembering.
How did the First World War impact India?
(i) The war created a new economic and political situation. (ii) It led to huge increase in defence expenditure which was financed by war loans and increasing taxes, custom duties were raised and income tax was introduced. (iii) Prices increased, doubling between 1913 and 1918. This hit the common people.
What was the impact of first world war on the world economy?
The heavy reparations, combined with the devastated economic infrastructure throughout Germany and political tension under the Weimar Republic, led to an economic depression. Hyperinflation and unemployment in Weimar Germany were staggering.
What happened to India after WWII?
After the end of the war, India emerged as the world’s fourth largest industrial power and its increased political, economic and military influence paved the way for its independence from the United Kingdom in 1947.
What was the conclusion of World War 2?
The war in Europe concluded with the liberation of German-occupied territories, and the invasion of Germany by the Western Allies and the Soviet Union, culminating in the fall of Berlin to Soviet troops, Hitler’s suicide and the German unconditional surrender on 8 May 1945.
How did World War 1 Impact Germany?
However, the First World War destroyed Germany. By 1918, Germany was no longer a strong confident country, but one on the brink of ruin. The war had destroyed Germany’s economy. The country spent around one third of its income on war pensions to all those widows and families who had lost someone during the conflict.
What were causes and effects of World War 1?
The immediate cause of World War I that made the aforementioned items come into play (alliances, imperialism, militarism, and nationalism) was the assassination of Archduke Franz Ferdinand of Austria-Hungary. … Thus began the expansion of the war to include all those involved in the mutual defense alliances.