Economy Flashcards
1
Q
How much did WW1 cost?
A
3.25 billion
2
Q
What’s percentage of merchant shipping was sank by U-boats?
A
40%
3
Q
When was the two interwar period recessions?
A
1920-21
1929-34
4
Q
What caused an imbalance of payments in 20s?
A
Importing same as war but less exporting
Moved to war production so less exports
5
Q
How much of the budget of 1920 was given to paying debt?
A
300 out of 800 milli
Taxes also increased
