What is the effect of second world war 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 were the effects of second world war?
Large amounts of physical capital were destroyed through six years of ground battles and bombing. Many individuals were forced to abandon or give up their property without compensation and to move on to new lands. Periods of hunger became more common even in relatively prosperous Western Europe.
What was the impact of the 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 are 3 significant effects of WWII?
World War II was the deadliest military conflict in history in terms of total dead, with some 75 million people casualties including military and civilians, or around 3% of the world’s population at the time. Many civilians died because of deliberate genocide, massacres, mass-bombings, disease, and starvation.
What are three effects of WWII?
1: The End of the European Age. 2: The rise of the US to superpower status. 3: The expansion of the Soviet Union and its rise to superpower status. 4: The emergence of the Cold War.
How did World war 2 impact society?
America’s involvement in World War II had a significant impact on the economy and workforce of the United States. American factories were retooled to produce goods to support the war effort and almost overnight the unemployment rate dropped to around 10%. …
What economic impact did the first world war on India?
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.
How did ww1 affect relations between India and Britain?
At the start of World War 1, Britain controlled India as part of the British Empire. Most of the people of India wanted independence, and protests toward this end had already gone on for awhile, but so far the British government had contained the protests and maintained their hold on India.