(i) The First World War 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. (ii) Increased military expenditure and the demands for war supplies led to the sharp rise in prices which badly affected the common mass.
What were the effects of first world war on 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. This hit the common people.
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 the First World War in India Class 10?
India’s economy was impacted by the First World War in the following ways: i) The government raised taxes on individual salaries and company profits to cover a massive increase in defence spending.
What was the impact of the First World War on the Indian economy?
(iii) The war created a demand for industrial goods like jute bags, cloth, rail, etc. and caused a decline of imports from other countries into India. (iv) Indian industries expanded during the war and Indian business groups began to demand greater opportunities for development.
What was the impact of ww2 on India?
There were four major consequences of Second World War on India and they included high inflation which was on account of war expenditure, the value of Indian currency took a nose dive, economic imbalances due to currencies exchange problems and the development of exchange control.
What are the causes and effects of first world war?
Consequences of First World War
- Rule of King ended in Germany: Germany became a republic on November 1918. …
- Around 1 crore people were killed.
- Unemployment and famine.
- The fall of Russian empire after October revolution (1917) which resulted in the formation of USSR (1922)
- Emergence of USA as a super power.
What are 3 significant effects of WWII?
Many civilians died because of deliberate genocide, massacres, mass-bombings, disease, and starvation. The Soviet Union lost around 27 million people during the war, including 8.7 million military and 19 million civilian deaths.
What were the 5 causes of WW1?
I use the acronym M.A.N.I.A to help my students remember the 5 major causes of WWI; they are Militarism, Alliances, Nationalism, Imperialism, and Assassination.
What makes India a federal country?
India a federal country because of the following reasons: There are levels of governments—Central Government, State Government and Local Government. Each level of government administers over the same region, but they have their own jurisdiction in matters of administration, taxation and legislation.
What are the consequences of World war?
Social Consequences: World war changed society completely. Birth rates declined because millions of young men died (eight million died, millions wounded, maimed, widows and orphans). Civilians lost their land and fled to other countries. The role of women also changed.
Which one of the following is not true regarding the impact of the First World War on India?
Which of the following is not true regarding the impact of the First World War? Defence expenditure resulted in increased taxes. Forced recruitment of soldiers was introduced in the villages. Income tax was introduced and custom duties increased.
What was the impact of first world war on the world economy?
The heavy reparations, combined with the devastated economic infrastructure throughout Germany and political tension under the Weimar Republic, led to an economic depression. Hyperinflation and unemployment in Weimar Germany were staggering.