How did Britain's involvement in wars …
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Yogita Ingle 6 years ago
(a) Britain’s involvement in wars from 1793 and 1815 greatly affected its economy. Factories shut down and trade also suffered.
(b) Due to shutdown of factories workers became jobless. There was no capital formation and possibility of reinvestment during the war period.
(c) Britain had to borrow capital for carrying out its expenses during war. The prices of commodities also became very high.
(d) Moreover, Napoleon Bonaparte’s continental policy made the Britain to face the economic crisis. He blocked the trade market for Britain as a result of which goods from Britain could not reach the markets of other countries.
(e) There was an acute shortage of supply of commodities.
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