What was the effect of first world war on Indian economy?

The war created a demand for industrial goods like jute bags, cloth, rails, and caused a decline of imports from other countries into India. As a result Indian industries expanded during the war.

What were the effects of first world war on Indian economy?

The war created a demand for industrial goods such as jute bags, cloth and rails, and caused a decline in the imports from other countries into India. As a result, Indian industries expanded during the war.

What were the effects of The First World War in India?

(i) The war created a new economic and political situation. (ii) It led to huge increase in defence expenditure which was financed by war loans and increasing taxes, custom duties were raised and income tax was introduced. (iii) Prices increased, doubling between 1913 and 1918.

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What economic impact did The First World War have on India any three points?

iii) The war increased demand for industrial goods such as jute bags, fabric, and rail, and reduced imports into India from other countries. iv) During the war, Indian factories grew, and Indian business groups began to demand more growth opportunities.

What was the impact of The First World War on the national movement in India Class 10?

How the First World War helped in the growth of the National Movement in India. Answer: War created a new political and economic situation. Led to a huge increase in defence expenditure which was financed by war loans and increasing taxes: custom duties were increased and income tax introduced.

How did the First World War affect the British Indian economy?

Answer: The First World War had the following economic impact on India: (i) In order to meet a huge rise in the defence expenditure, the government increased taxes on individual incomes and business profits. … (iii) The war created a demand for industrial goods like jute bags, cloth, rail, etc.

What were the effects of first world war?

The First World War destroyed empires, created numerous new nation-states, encouraged independence movements in Europe’s colonies, forced the United States to become a world power and led directly to Soviet communism and the rise of Hitler.

What was the impact of First World War on nationalist movement?

India supported Britain in the world war on its promise of fighting for democracy but serving India with Rowlatt Act immediately after the war served as an eye-opener for Indians. This led to the rise of national consciousness and soon Non-Cooperation movement was launched.

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What are the causes and effects of first world war?

Immediate Cause: Assassination of Archduke Franz Ferdinand

The immediate cause of World War I that made the aforementioned items come into play (alliances, imperialism, militarism, and nationalism) was the assassination of Archduke Franz Ferdinand of Austria-Hungary.

What were the implications of the First World War on the growth of nationalism in India?

(b) The First World War helped in the growth of the National Movement in India in the following ways: During the First World War, the British army forcibly recruited people from the rural areas of India. To finance the defence expenditure, custom duties were raised and income taxes were imposed.

What economic impact did the First World War have on India for Class 8?

The First World War altered the economic and political situation in India. It led to a huge rise in the defence expenditure of the Government of India. The government, in turn, increased taxes on individual incomes and business profits.