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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.
What else can I help you with?
How did Great Britain make a difference in World War 2?
How about: we won it for the rest of the world?
How did World War 2 effect different countries economy?
it realy affected countries economy it made countries like America control world economy and other countries like third world countries in abadfinancial and cultural condition
How did World War 2 affect the American economy?
it helped pull us out of the great depression.
What strategy was used by Great Britain to put Germany's economy to a standstill during World War 1?
Great Britain used bombs
What was true of the U.S economy after world war 2?
it was the strongest economy in the world
What is Great Britains ranking in world soccer?
Number 5 as of the Olympics
What is one way that the great depression affected the world economy?
American banks demanded repayment of foreign loans
How was the world's economy affected after World War 2?
badly
Great britains great contribution to modern governments around the world is the development of which system of government?
a paliamentary system
What were Britains motives for World War 1?
Britains goal was to win the war then continue conquring the world.
What rose dramatically in the early 1920s?
The general cost of living rose dramatically in the early 1920's. This is what was known as the Great Depression which affected the economy of the world.
Who was affected by the great depression-?
The Great Depression affected many people all over the world.
What brought the us economy out of the great depression what brought the u.s. economy out of the great depression?
Mainly, it was World War II.
How did hosni mubarak affected the economy of egypt?
Make Hosni Mubarak, Egypt's economy one of the strongest economies in the world, Egypt's economy is one of the few who were not affected by the global economic crisis ... and your right record did not materialize in America during the global economic crisis ... Since the order of Egypt's economy is 26 in the world and this number is Excellent
How did World War 2 effect different countries economy?
it realy affected countries economy it made countries like America control world economy and other countries like third world countries in abadfinancial and cultural condition
How did Great Britain make a difference in World War 2?
How about: we won it for the rest of the world?
What development allowed the American economy to be affected by economic problems in other regions of the world?
Globalization
