The Economy & WWI Flashcards
1
Q
Britain’s spending on US goods daily
A
$10million
2
Q
What fraction of total war cost did taxation pay of the war?
A
1/3
3
Q
What was US overseas investment by 1919?
A
$10billion
4
Q
What % did industrial production increase between 1916-18?
A
40%
5
Q
Factor creating lower production costs for US goods
A
standardised production lines / taylorism
6
Q
By what % was there a rise in food exports to Europe 1913-18? What happened to food prices?
A
increased by 300%
prices X2
7
Q
When did loans to allies cease?
A
1920
