Theme 1b- Responding To Economic Challenges Flashcards
1
Q
State of Britain at the end of WW1
A
The total financial cost of the war was $ 3.5 billion
In 1914 Britain’s exports accounted for 1/3 of its total wealth-> declined to 1/5 by 1918
By 1918, the country had lost 3/4 of its men
Britain’s industry had been proceeding to switch to war production instead of supplying export markets
Britain had been cut off from most valuable export markets by German U-boats, which sank 40% of British merchant shipping
2
Q
A
