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The United Kingdom and World War I - Assignment Example

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In the paper “The United Kingdom and World War I” the author looks at the United Kingdom, which was greatly affected by World War I, both economically and politically. It caused severe damage to the economy of the UK, by destroying its industries in South Wales, where the coal industry was based. …
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The United Kingdom and World War I
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Download file to see previous pages It had shown its ability to survive a war and remained a powerful nation of the world (Hardie, Graham, and Kofman).
Almost all the nations in Europe had suffered economically due to the First World War. Most of the European nations were subjected to economic burdens imposed by the war. After the end of the war, the European governments had to make rehabilitation efforts, in respect of the cities destroyed in the war. In addition, they had to provide medical facilities to the soldiers who had been wounded in the war. These governments had to pay pensions to the soldiers, widows, and relatives of the dead soldiers. Moreover, they had to repay the public and foreign debts, and the interest on such debts. These constituted the additional economic burdens, resulting from the First World War. The cost of the war escalated manifold due to these factors. Moreover, industries and trade were not in a position to resume their activities after the end of the war. This further escalated the cost of the war (Results of the First World War ).
The economies of European nations had been weakened because they had to accommodate the cost of the war. Countries like Italy, Germany, the UK, and France witnessed heavy unemployment, as soon as the war ended. People in several nations could not bear the economic crisis and were deeply discontented with the efforts of their government in meeting their needs. This public discontentment resulted in the overthrow of the government in Italy. The First World War’s long term effect was that several European countries attempted to establish their own self – sufficient economies to resolve the war promoted economic burdens on them. They imposed heavy tariffs on foreign-made products and this resulted in the decline of trade between nations and the establishment of economic nationalism by expelling other nations’ products (Results of the First World War ). ...Download file to see next pagesRead More
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The United Kingdom and World War I Assignment Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/history/1713292-since-the-end-of-world-war-1-what-was-the-most-important-event-in-shaping-economic-developement-for-england-in-the-20th-century.
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