What were the effects of WW1 on the economy of Great Britain?

Although Britain was ultimately victorious, the effects of war would be felt for many years to come. Foreign trade, a key part of the British economy, had been badly damaged by the war. read more

The first world war was a disaster for the British economy. A large percentage of the pre war trade with Europe, and this vanished over night affecting whole industries such as ship building, cloth manufacturing and dying and steel making. read more

Before World War One, Britain was the world’s economic superpower. With rapid growth and a vast empire, the country enjoyed significant levels of wealth and resources. However it wasn’t ready for the economic impact war would have. read more

Britain after the war Vast crowds gathered in London's Trafalgar Square to celebrate the victorious end of the First World War on 11 November 1918. However, the joyous mood was short-lived. read more