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A summary of the outcomes and effects that World War One presented.
World War I Aftermath A summary of the outcomes and effects that World War One presented.
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Economic Effect The cost of the war was about £3.5million per day this was financed by: Raising national debt, Raising taxes, Sale of War Bonds, Holding of gold for the Government. Overseas markets were damaged and much was lost to Japan and the US. The economy slumped, by 1928 exports were only at 84% of those in 1913.
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Social Effect 722,785 (11.8%) of serving men died.
Life expectance increased due to improvements within the medical profession. War accelerated maternity care, health standards, spending on children’s meals and medical knowledge.
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Political Effect The First World War accelerated the already existing political trends : Damage to the Liberal Party, Popularity to the Labour Party & Unions Enfranchisement of women Growth of the State’s power.
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