What was the impact of the First World War on the economic conditions in India Class 10?

(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 the First World War in India Class 10?

India’s economy was impacted by the First World War in the following ways: i) The government raised taxes on individual salaries and company profits to cover a massive increase in defence spending.

What was the impact of 1st world war on 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.

IT\'S FUN:  Can Walmart succeed in India?

How did the First World War affect the economic conditions of India Class 8?

Answer. The First World War altered the economic and political situation in India. It led to a huge rise in the defence expenditure of the Government of India. … Increased military expenditure and the demands for war supplies led to a sharp rise in prices, which created great difficulties for the common people.

How did the First World War affect economic and political situation in India?

i The First World War created a new economic and political situation in India. 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. ii Prices increased doubling between 1913-18. This hit the common people.

What are the impacts of first world war?

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.

What is Satyagraha class 10th?

The term Satyagraha was used by Mahatma Gandhi for the first time during________. A) Kheda Movement. … Hint: Satyagraha means truth – force . It was a term that was coined by Mahatma Gandhi in South Africa to explain his philosophy that non-violence has the power of resolving problems like injustice and exploitation.

What economic impact did the first world war on India?

(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.

IT\'S FUN:  Can basmati rice be exported from India?

Which one of the following is not true regarding the impact of the First World War on India?

Which of the following is not true regarding the impact of the First World War? Defence expenditure resulted in increased taxes. Forced recruitment of soldiers was introduced in the villages. Income tax was introduced and custom duties increased.

What economic impact did the First World War have on India 5 points?

(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 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.

How had the First World War created economic situation in India explain with three examples?

The First World War created a new political and economic situation in India. (i) It led to huge increase in defense expenditure, Custom duties were raised,income tax was introduced to finance the war. (ii) Villagers were called upon to supply soldiers, forced recruitment in rural areas caused widespread resentment.

About India