Quick Answer: How did the First World War alter the economic and political situation in 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 alter the 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.

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What was the political and economic situation created by the First World War?

. THE First World War created a new economic and political situation : It led to a huge increase in defence expenditure which was financed by war loans. Taxes were increased, custom duties were raised and income tax was introduced.

How did the First World War created economic problems in India?

It led to a huge increase on defence expenditure. The failure of crops in many parts of India. … Prices of consumer goods almost doubled from 1913-1918.

How did World war 1 affect the economy?

When the war began, the U.S. economy was in recession. … Entry into the war in 1917 unleashed massive U.S. federal spending which shifted national production from civilian to war goods. Between 1914 and 1918, some 3 million people were added to the military and half a million to the government.

How had the First World War created economic problems in India explain with two 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.

What was the condition of India after the First World War?

(i) First of all the war created a new economic and political situation. (ii) It led to a huge increase in defence expenditure which was financed by war loans and increasing taxes; custom duties were raised and income tax introduced.

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Who later joined the Allies during the First World War?

The major Allied powers in World War I were Great Britain (and the British Empire), France, and the Russian Empire, formally linked by the Treaty of London of September 5, 1914. Other countries that had been, or came to be, allied by treaty to one or more…

How public sector contributes to the economic development of a nation?

In the following ways Public Sector contributes to the economic development of a nation. i It promotes rapid economic development through creation and expression of infrastructure. … iii It generates financial resources for development. iv It ensures equality of income wealth and thus a balanced regional development.

Why was the post war recovery difficult for Britain?

(iii) Post-war economic recovery proved difficult. Britain borrowed large sums of money from the US banks as well as the US public. This was in addition to the money Britain borrowed to meet war expenditure. Britain thus was burdened with huge external debts.

How had the First World War created economic problems in India explain with 3 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.

What was the impact of Great Depression in India?

(i) The impact of the Great Depression in India was felt especially in the agricultural sector. (ii) As international prices crashed, prices in India also plunged. (iii) The fall in agricultural price led to reduction of farmers’ income and agricultural export. Wheat prices in India fell by 50 percent.

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How was the economic development of India Visualised in the early decades after independence?

The economic development of India visualised in the early decades after Independence were: … → Planning Commission and Five Year Plans: A Planning Commission was set up to help design and execute suitable policies for economic development. → Mixed-economy: A mixed-economy model was agreed upon.

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