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Was the post war recovery in …

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Was the post war recovery in US faster than Britain?Give reason to support your answer

Posted by Md R 2 years, 10 months ago

CBSE > Class 10 > Social Science

1 answers

Preeti Dabral 2 years, 10 months ago

After the war Britain found it difficult to recapture its earlier position of dominance in the Indian market, and to compete with Japan internationally. Moreover, to finance war expenditures Britain had borrowed heavily from the US. This meant that at the end of the war Britain was burdened with huge external debts.

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CBSE > Class 10 > Social Science