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It was Most sources state that Britain spent between 15-25% of it's accumulated wealth fighting the first world war. It borrrowed very heavily, especially from the United States, and was lumbered with massive debts after the conflict. First of all, 15-25% of wealth might not sound a lot but, it also sold many of it's overseas assets so no longer got income from them. It was also owed a large sum of money by the Russians but when the communists took over, they said that it was a debt to the Tsar not the people. Not only this but its staple industries simply hadn't modernised and so industries such as coal began to suffer especially as the Germans were paying their reparations to France in coal. France had previously been one of Britains main buyers of coal. Also, because during the war Britain could not produce goods to sell to foreign markets, after the war, Britain found that many of it's previous buyers had set up their own industries and no longer needed to buy from Britain.

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15y ago
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15y ago

It wasn't really affected because most of the countries that took part in WW1 were in great debts with a total loss of money through out Europe that was over 200 billion pounds. Such as Great Britain had many debts to pay off, where the USA didn't since they entered the war later on,so they didn't loose as much as other countries had. And most countries were just getting used to the flow of not being in total war anymore and focusing on building on their new country or in Russia's case repairing their country. So as factories production went back to producing products for their society and not war benefits, things eventually got back to normal. Of course until WW2.

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14y ago

women were great and did alot of work!!!!wuhu!!!

That n00b knows nothing about anything.

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14y ago

Great Britains economy crashed, they had exhausted all their rescourses on the war.

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13y ago

Don't know the statistics, but it was totally messed up, they spent more than 10 million pounds on war efforts. I think.

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14y ago

There was more rights for women

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13y ago

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Q: How was great britain's economy affected after world war 2?
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