Government involved in economy World War 1?

Answer 1

The government faced the problem of its nation economical strain throughout The First World War, making the decision to divide its wealth into proportional departments to support the War from behind whilst funding the country's agriculture, industry and growing commerce in various urban and rural regions. At the beginning, when Britain declared War on Germany, the British public thought nothing of the War and had not seemed interested although, once stock prices and wages were considered the nation began to panic and feel threatened by the government's weakening economic strengths. It was a state of disaster for the nation, its people rapidly becoming worried and reserving foods. The government saw this as a national crisis and tried easing the public's minds however, people were worried sick and consequently the government closed all its banks for three days. The threatened economy was going nowhere and people were beginning to feel more assured. The government were facing the problem of lower classes and ensuring food sales and prices were not going to soar through the roof, preventing the working from accessing their normal rated food expenses. The involvement of the government helped maintain peace and goodwill amongst the public through the outbreak of the War. From 1914 the government was rapidly making decisions in areas of its military, navy, army reserves, Propaganda; recruitment, Home Front and particularly the retention of agriculture, industry and commerce in its economy. Other significant situations running up until the outbreak of the War were almost forgotten such as the Women's Suffrage campaigning and the mining strikes however, when news spread of a European War fought on the continent the people were beginning to see the change through the government's point of view and begin a national accumulation; recruitment, support and commitment. It was a difficult stage for the government to endure too through their prospective; controlling the balance of its country's economy and maintaining the population's prosperity in terms of wellbeing, food and income whilst most importantly proportionalising its economy into the War. Other nations and colonies were beginning the same process, except some on a much smaller scale, recruiting soldiers to join the War effort and encourage its people to support the War from home. Other Allied powers France and Russia were also beginning to prepare its military and recruiting thousands of thousands of men. The start of the twentieth century, Britain was the most industrialized economy in the world, the largest trader, Europe's largest manufacturer, and the centre of the globe's communications. Britain's laissez-faire empire has led the remarkable boom in world trade that marks the beginning of the 20th century, exporting the virtues of free enterprise and economic liberalism. However, World War I leads an extension of the regulatory powers of the government in order to mobilize and apply men, munitions and resources across the Empire on a vast scale. The Defense of the Realm Act empowers the government to take over control of the railways, coal mines, and even flour mills. Food rationing is introduced and new ministries are created for labour, shipping and food production. Through this in terms of the government's ecomony, World War I cripples Britain, with 750,000 men lost, exceeding debts, and resources destroyed. Harsh demands of Germany, formerly Britain's largest foreign customer, keep foreign markets depressed. J.M. Keynes predicts Germnay's treatment will arise future conflict. Unemployment soars until a forth of the workforce is jobless and widespread strike action in 1921 culminates in full-scale industrial depression. These matters were accounted in the aftermath of World War I and affected through the resulting conflict through a proportion of Britain's main trading partners. Levels of unemployment was soaring with a maximum of 10% of the British population who were employed. This struggle continued with strikes and further campaigns, depressions and unemployment which concluded in the 1928 General Strike. From 1914 through to the end of 1918, women participated in men's occupations to help support and fuel the War effort whilst proving their female capabilities. These jobs such as working in munitions factories and agricultural farm responsibilies were taken by the roles of women as part of maintaining the Home Front economy and extensive support. Although these male occupations were reserved for the enlisted soldiers for them to return after the War. The impact on socities and culture played a significant part, producing resources and materials supplied to the War Fronts and maintaining faith and support in the government as thousands of people sitting at home were helping and funding the War at home. The economic straint was easing although towards the end of 1916 and onwars the force of government funding grew greater and more suppressive, hitting the people hard and finding the pressure difficult who were fuelling the War from behind the Front. The work of the nation was progressing and it was the government's position to contiune promoting this work, enabling Britain's continued involvement to sustain, and produce campaigning to urge the people to persist and fight for their country at home with successful propaganda issued. The industrial and agricultural dominance was feeling the pressure. The nation's government were forever more dependent on the work of the Home Front and realised its support and effort had reached new levels the country had never seen before therefore continuing to advocate this tremendous work was a revelation. The government were forced into turmoil with borrowing and selling important assets, leading to a great debt to the US, whilst trying to cushion itself against the falls in its ecomomy. It was a bitter time although the involvement of the government soon paid the price to maintain the existence of the country's economy whilst managing to support and sustain the War effort which led to Germany's defeat.

Answer 2

During WWI, Wilson was the president that entered America into the war after the Zimmerman Telegram was intercepted by British spies working in the U.S. during the war, the economy flourished due to the need for so much war materials. This allowed for the economy to maintain stability that lasted into the great Roaring 20's. Wilson leaned more towards a Laissez Faire mindset when it came to the economy and he reduced tariffs, however the government was strongly bonded with the economy due to contracts for war materials to be manufactured by corporations and factories.

Answer 3

Nova Net Review Test Answer: Fewer manufactured goods were produced after the war.

Answer 4

Super man came to town!!